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Home Business Startup Healthtech Helium Health’s Acquisition of Maddy is a Rare Union Between Africa and the Middle East 
Healthtech - November 11, 2021

Helium Health’s Acquisition of Maddy is a Rare Union Between Africa and the Middle East 

Nigeria-based healthtech startup Helium Health today acquires Meddy, a UAE-based doctor booking platform for an undisclosed sum.

This is rare deal, considering that Africa and the Middle East are not known for their collaboration in health tech space. This move will integrate the services of Helium Health with Meddy’s. 

Co-founder and CEO of Helium Health, Adegoke Olubusi whilst on a call with TechCrunch describes the deal with Meddy as a “great one”. It’s possible to see why, as it marks the beginning of Helium Health’s international expansion outside Africa and the provision of uncommon health services across the Middle East. 

Helium Health’s electronic medical records (EMR) and hospital management solutions will merge with Meddy’s doctor booking platform. The result is a one-stop-shop providing horizontal health care services across Africa and the Middle East.

“You don’t have a lot of people who can provide a suite like ours in the Gulf Cooperation Council (GCC). If they do, they’re doing it at a price point that’s so high that they’ve already priced out the market in that sense”, said Olubusi. 

The company is the brainchild of Olubisi, Dimeji Sofowora and Tito Ovia. And has been digitising medical records since it entered the scene in 2016. Expanding its services to include a billing and payments solution – HeliumPay; a medical loan solution – HeliumCredit and HeliunDoc, a medical data analytics platform. 

Helium Health has experienced rapid growth with its presence in six African countries — Nigeria, Ghana, Senegal, Liberia, Kenya and Uganda. And over 300,000 patients monthly.

Meddy currently serves over 150 private clients in the United Arab Emirates and Qatar. With only $1.8 million in venture capital backing, the firm has facilitated over 200,000 medical appointments while generating over $130 million in billings for healthcare providers.

As part of the deal, Meddy CEO Haris Aghadi and COO Abed Alkarim Khattab will join Helium Health’s board.

READ ALSO: Ghana’s mPharma Acquires Vine Pharmacy to Enter New Market

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