MEDIGO Gets $3.5M Investment to Scale in China, MENA

Wael Nabbout, Feb 09 2016

MEDIGO, the global medical tourism startup, recently closed a funding round with CL Global Healthcare, securing an additional $3.5 million, bringing its total funding to date to $10 million.

Consolidating in China

MEDIGO will use the investment primarily to expand its coverage in the Chinese market. It will increase its resources and grow its clinic and hospital network, as well as patient services, to address the growing demand in this market.

“This funding underpins our expansion into China making MEDIGO’s services available to Chinese patients opting for care overseas and in parallel, working with China’s own top healthcare CL Investment Group,” commented Ugur Samut, co-founder and CEO of MEDIGO.

With extensive experience in the healthcare, real estate, and financial industry, the firm looks to further MEDIGO’s vision for connected, global healthcare.

And Expanding in MENA

In Q3, 2015, we announced the company was looking to establish a presence it the MENA market. It has recently opened a first UAE office in the Jumeirah Towers.

Co-founder and COO Pawel Cebula noted that based on the demand they have observed among their patients, they are planning to add additional providers in the MENA region, particularly in Morocco, Tunisia, Lebanon, Jordan, and Saudi Arabia.

“In the future we want to partner with selected providers in all of the markets where we are operating on the patient side, in order to have trusted providers that can support our patients in diagnostics and after-care in their home countries,” he remarked.

Since its launch in March 2014, MEDIGO has connected more than 16,000 patients with clinics or hospitals abroad. It currently offers patients access to over 500 hospitals and clinics in 23 countries worldwide. The MEDIGO website gets 60,000  unique visitors per month, and this volume is growing by approximately 15% month-over-month.

See related: MENA Health Apps Are on the Rise

 

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