Earlier this month, HealthHero announced the acquisition of Qare, a Paris-based telehealth pioneer backed by Kamet Ventures, Europe’s leading healthcare investor.
Founded in 2016, Qare has since its inception transformed access to healthcare in France through an optimal combination of medical expertise and digital innovation. Following the acquisition of Doctopsy in 2020, it has been dubbed the country’s leading digital mental health care provider. Qare will now join HealthHero in covering 22 million lives and providing just under 3 million consultations by the end of the year.
With the Qare acquisition being the latest step in its continental expansion strategy, Healthhero is poised to solidify its position as the largest telehealth provider in Europe. It already has one of the most diverse offerings across markets and services, with direct-to-consumer, business-to-business and business-to-government offerings in the UK, Germany, Republic of Ireland and France. All of these services offer a complete solution including general practitioner support, prescription services, mental health consultations and musculoskeletal specialists.
According to Ranjan Singh, co-founder and CEO of HealthHero, the acquisition of the company is one of the largest in the European healthcare space in recent times, “and firmly secures HealthHero’s dominance in the growing telehealth sector.” He also pointed out that the company will provide 3 million consultations per year, the largest number of consultations ever achieved by a company in Europe, mainly due to the fact that 70-80% of the consultations will be provided remotely, which highlights the company’s potential in the sector. Mr. Singh concluded by explaining that joining forces with the best in each market is bound to produce the best possible results for patients in each of these consultations.
Olivier Thierry, CEO of Qare, shares Mr. Singh’s vision. He will now be part of the Healthero Management Group. He is confident that with the explosion of telehealth companies that Europe is currently experiencing, the leaders of tomorrow in this sector will be European. He concluded by saying that the common goal is to provide quality and innovative care, accessible to all, wherever they are, all driven by technology.
Stephane Guinet, CEO of Kamet Ventures, added that the venture capital firm backed the creation of Qare to “empower patients by providing access to a comprehensive set of personalized medical services that were previously only available in person.” The VC is delighted to see Qare grow further by partnering with HealthHero to provide patients with cutting-edge patient management solutions, he said.