HealthHero has acquired French healthcare company Qare which is backed by healthtech venture builder Kamet Ventures.
Qare was founded in 2016 and last year acquired Doctopsy, which provides digital mental healthcare.
HealthHero offers direct-to-consumer, business-to-business and business-to-government offerings in the UK, Germany, Ireland and France, providing GP support, prescription services, mental health consultations and musculoskeletal specialists. HealthHero stated that the acquisition makes it the largest telehealth provider in Europe, now covering 22 million lives.
HealthHero co-founder and chief executive Ranjan Singh said: “This is the most significant telehealth acquisition in Europe in recent times, and firmly secures HealthHero’s dominance in the growing telehealth sector, in the largest healthcare market in the world. While we now provide three million consultations a year, the most any company will have achieved in Europe, with up to 70-80% of all GP consultations across Europe able to be delivered remotely, this is just the beginning of HealthHero’s growth potential. By working with the best in each market, we are aiming to deliver the best patient outcomes across the continent for each and every one of these consultations.”
Olivier Thierry, chief executive of Qare, who will keep his role, said: “Europe is seeing an explosion of telehealth businesses. We are convinced that tomorrow’s healthtech champions will be European. We share with HealthHero a common European vision for quality and innovative care accessible to all, powered by technology”.
Stephane Guinet, chief executive of Kamet Ventures, added: “We created Qare in order to empower patients by offering them access to a holistic set of personalised medical services that were previously only available in-person. Following its tremendous growth, we are delighted to see it join forces with HealthHero to set the gold standard of what patient-centric telemedicine can look like.”
Date published: April 12, 2021