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Wednesday, 21 December 2022

Local healthtech startup CheckMe acquires Doctor Online

Healthtech startup CheckMe has acquired a majority stake in virtual clinic app Doctor Online in a transaction that gives CheckMe a total market value of USD 20 mn, a statement (pdf). The acquisition will help CheckMe tap into more verticals to create the next “healthtech superapp” in Egypt and across the region, Ahella El Saban, co-founder of sell-side advisor Exits, told Enterprise. El Saban declined to disclose the size of the stake or the value of the transaction.

About the startups: Founded in 2020 by Adham Youssef (LinkedIn) and its CEO Nesma El Talawy (LinkedIn), CheckMe’s app provides on-demand lab services. Doctor Online, founded by CEO Mahmoud Abdelhakim (LinkedIn), is a virtual clinic mobile app offering various online medical services.

The acquisition will allow CheckMe to expand to comprehensively cover patients’ needs, and to tap Doctor Online’s database of both users and clinicians, El Saban said.

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