The Doctor Anywhere leadership team
Singapore-based health-tech company Doctor Anywhere has acquired Thai telemedicine platform Doctor Raksa.
The deal comes on the heels of Doctor Anywhere’s US$65.7 million Series C financing round led by Asia Partners in August.
With this deal, the Singaporean firm looks to deepen its presence in Thailand by expanding its medication delivery services to 38 provinces by the end of Q1 2022.
Also Read: How telehealth startup Doctor Anywhere stepped up to the COVID-19 challenge
This deal will add one million more consumers to Doctor Anywhere’s platform. Before the acquisition, its active user numbers stood at 1.5 million in Southeast Asia.
The company also expects its Thai revenues to grow by more than 5x in the next two years
Both brands will operate in tandem in Thailand and retain their existing core functions while harnessing key resources and know-how to develop new product features for users. The combined network has more than 1,000 medical professionals and partners across diversified specialisations, including paediatrics, cardiology, urology, gynaecology, and orthopaedics.
Jaren Siew, CEO of Doctor Raksa, said: “The regional exposure of Doctor Anywhere will bring immediate scale, strong B2B relationships, and tech capabilities to Doctor Raksa. This will help us to provide an even better product offering for our patients, doctors and employees.”
Surangkhana (Nicky) Surapaitoon, GM of Doctor Anywhere Thailand, said: “The acquisition brings key learnings for us to localise our services to meet growing in-market needs and engage with our users. The information exchange between two competent teams will help us build an effective omnichannel telehealth model for the country.”
Established in 2016, Doctor Raksa offers online doctor consultations, electronic prescriptions, electronic medical summaries, pharmacist consultations and prescription refills. It has over one million users.
Launched in 2017, Doctor Anywhere is an omnichannel healthcare company that aims to make healthcare accessible and efficient for everyone. Its digital platform bridges gaps in the healthcare ecosystem through technology and innovation, enabling users to manage their health effectively through its mobile app.
Doctor Anywhere is currently available in Singapore, Malaysia, Thailand, Vietnam, and the Philippines. The group also recently announced the establishment of regional tech hubs in India and Vietnam.
To date, Doctor Anywhere has raised US$104 million. It also comprises a US$4.1 million Series A round, anchored by Kamet Capital Partners, in 2018.
Its other backers include Novo Holdings (Denmark), Philips, and OSK-SBI Venture Partners (Malaysia), EDBI, Square Peg, IHH Healthcare, Kamet Capital, and Pavilion Capital.
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