The financial terms of the transaction, announced Monday, have not been disclosed. The transaction is expected to close in the third quarter of 2021.
“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.”
“The pandemic has strengthened our belief that the digitalization of healthcare services is essential and inevitable.”Zineb Drissi-Kaitouni – Co-founder and CEO, DabaDoc
With this acquisition, AXA Assurance Maroc, which first invested in DabaDoc in 2018, is reinforcing its partnership with the company to accelerate the digitalization and integration of its customers’ healthcare journeys.
DabaDoc will benefit from AXA’s wide experience as a worldwide leader in health insurance, as well as Orange’s technology knowledge and payment systems, to allow the development of digital solutions that scale quickly and benefit patients and the broader African healthcare ecosystem.
“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,” Alioune Ndiaye, CEO of Orange Middle East and Africa, said.
“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.”
“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,” Meryem Chami, CEO of AXA Assurance Maroc and AXA CIMA, said.
“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.”