Egyptian e-health company CheckMe acquires counterpart DoctorOnline

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Egyptian e-health company CheckMe has acquired counterpart DoctorOnline in a deal that brings the former’s market value to US$20 million.

Powered by the T3G investment group and founded in 2020, CheckMe is a customer-centric marketplace mobile application that provides on-demand medical lab services through multiple lab partners.

DoctorOnline, meanwhile, was founded the same year by Dr Mahmoud Abdel Hakim, is a virtual clinic mobile application that offers various medical services virtually to its patients; through access to expert doctors in all medical specialities via video calls.

The acquisition of DoctorOnline will help CheckMe provide on-demand diagnostics and telemedicine by qualified experts.

“This acquisition falls in line with our expansion strategy in the region and in-line with the expansion of our service offering. According to McKinsey Global Institute, the costs saved by health-tech to the healthcare sector could lie between US$1.5 trillion and $3 trillion a year by 2030, which makes acquisitions like this pivotal in their economic impact in the region,” said Dr Nesma El Talawy, CEO of CheckMe.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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