Two health tech startups based in the Philippines mClinica and Medix have entered into an equity stake deal. mClinica will be acquiring an undisclosed percentage of the fellow Software-as-a-Service (SaaS) firm.
Besides the stake acquisition, mClinica will be given access to Medix’s technologies and development resources, which is expected to boost its new service called “Connect Physician”. The latter enables doctors to build stronger relationships with their patients.
mClinica is a global provider of mobile health technology for pharmacies and the pharmaceutical industry, while Medix is a cloud-based clinic management service based in the Philippines.
mClinica CEO Farouk Meralli said that the company expects strong synergies from their partnership with Medix.
“As we help them grow their business, we plan to use their impressive technologies to improve doctor-patient relationships, which will increase health awareness, adherence to treatment regimens, and overall health outcomes for patients,” Meralli said.
As for Medix, partnering with mClinica will help them gain operational expertise for entry into new markets and access to mClinica’s client base, which includes some of the world’s largest healthcare companies, mostly digital networks of pharmacies across Asia.
“mClinica’s track record shows that they have the mindset to achieve regional scale. Since we share their goal to extend the reach of care in Asia’s emerging markets, we are excited to be working with them,” said Medix CEO and founder Marc Medina.
Launched in 2013 as a service for dental practices, Medix recently developed an electronic medical record (EMR) platform that has gained traction among hospitals and clinics in the Philippines.
Last February, mClinica won the 2015 Hack Osaka Award in Japan with their Connect Pharmacy service which allows pharmacies to connect with their patients through loyalty and health education programs. By bringing pharmacies onto a single digital platform, the service also allows pharmaceutical companies to access fragmented networks of pharmacies at scale, which increases access and reduces prices for essential medicines.
Piloted in the Philippines, Connect Pharmacy has grown a network of over 1400 pharmacies in the country, which together provide access to over 20 million patients nationwide.
mClinica has since expanded into Vietnam and Indonesia, and is eyeing other high-potential markets around the region.
Both Medix and mClinica are part of the investment portfolio of Kickstart Ventures, the venture capital arm of Globe Telecom. Medix joined the portfolio in 2013, while mClinica joined in 2014, through a funding round that also included 500 Startups and IMJ Investment Partners.