Deal Street

Orange, AXA Assurance Acquire Controlling Stake In Health-tech DabaDoc
Orange, AXA Assurance Acquire Controlling Stake In Health-tech DabaDoc

Orange Middle East and Africa and AXA Assurance Maroc have acquired a majority stake in DabaDoc, a Moroccan health-tech startup that is digitizing access to healthcare in Africa. The financial details of the deal have not been disclosed. The transaction is expected to close in the third quarter of 2021.

Orange and AXA’s investment and network will accelerate DabaDoc’s growth and help to extend its services to other regions, particularly Sub-Saharan Africa. In addition, DabaDoc will earn the benefits of AXA’s extensive experience as a global leader in health insurance and Orange’s technology and payment infrastructure to develop digital solutions that scale swiftly and benefit patients and the entire African healthcare ecosystem.