Orange and AXA CIMA to acquire majority stake in DabaDoc
Orange Middle East and Africa and AXA Insurance Morocco have agreed on a joint acquisition for a majority stake in a Morocco-based health tech platform DabaDoc . The transaction is expected to close in the third quarter of 2021.
Founded in 2014, DabaDoc digitizes access to healthcare in Africa. Available in Morocco, Algeria, Tunisia, DabaDoc offers a platform to find and book doctor appointments online, along with telehealth services.
Following its first investment in DabaDoc in 2018, AXA Assurance Maroc is consolidating its partnership with the company to accelerate the digitalization and integration of its customers’ healthcare journey, facilitating its policyholders’ interactions with healthcare professionals, notably via DabaDoc’s appointment booking and remote consultation infrastructure and network.
“DabaDoc, a leading health-tech platform in Africa, is supporting the digital transformation of healthcare professions. Orange’s investment in DabaDoc and AXA’s renewed investment will strengthen DabaDoc’s growth ambitions through Orange and AXA’s presence in Africa and the Middle East. The pandemic has strengthened our belief that the digitalization of healthcare services is essential and inevitable.” – Zineb Drissi-Kaitouni, co-founder and CEO of DabaDoc.
“We are delighted to commit to this ambitious partnership with AXA and DabaDoc to serve the healthcare needs of everyone in Africa and the Middle East through digital technology. At Orange, we are convinced that the digital transformation is a source of progress and that e-health has huge potential. As a responsible operator on the continent, we want to contribute to this major social challenge, especially during a pandemic. The deployment of this type of solution in the countries where we are present will greatly facilitate populations’ access to healthcare services, which is essential to the continent’s development.” – Alioune Ndiaye, CEO of Orange Middle East and Africa.
“AXA is a global leader in health insurance and related services. This is one of the Group’s strategic priorities as part of the Driving Progress 2023 plan. This ambition is even stronger as we are facing an unprecedented health crisis. Through this partnership, we therefore aim to enable patients to access a better healthcare journey in Morocco and to support DabaDoc through its development in the CIMA countries as well.” – Meryem Chami, CEO of AXA Assurance Maroc and AXA CIMA.