Business
The company plans to use the new money to grow out its business and sales team.
The acquisition will support Carbon Health’s primary care model, which combines in-person clinics with a virtual care platform.
The company plans to use this M&A to gain a foothold in the Medicare space.
Also: Phil scores $100 million for its prescription refill platform and Synchron rakes in $40 million.
The global health service company has launched a region-specific offering aimed at “SMEs, corporates and government organisations” within the country.
The health startup provides telemedicine services for insurance companies, corporations and government entities.
The deal is expected to close in the second half of 2021 and be worth roughly $4.2 billion.
With this raise, in addition to Nayya’s Series A round from earlier this year, the company has raised nearly $50 million to date.
Frost & Sullivan says the recent shift in attention away from primarily focusing on reproductive-age issues to untapped market areas will be a key factor to the sector’s growth.
The agreement will focus on improving solutions across Aster’s entities in the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA), Qatar, and Oman.