Egypt’s HealthTech Rology acquires KSA-based Arkan United

Egypt’s HealthTech Rology acquires KSA-based Arkan United

By Press Release, 06 June 2023

Rology, the leading teleradiology company in the Middle East & Africa has acquired Arkan United, a teleradiology provider, headquartered in Jeddah, Saudi Arabia.

The deal was signed by Rology CEO Amr Abodraiaa and Arkan’s CEO Tarik Baeshen. "We're excited to announce our acquisition of Arkan for medical services in Saudi Arabia. 

This acquisition allows us to accelerate our mission of bringing the latest innovations in teleradiology to healthcare providers and patients in the kingdom and beyond. 

By combining Rology’s cutting-edge technology and network with Arkan's established expertise, we're poised to revolutionize the field of teleradiology and improve patient care in unprecedented ways. 

We're excited to continue on Arkan’s success with Tarik Baeshen, and to be at the forefront of this exciting future and to continue to lead the way in teleradiology." Amr Abodriaa shares “We look forward to seeing how Rology will take Arkan forward in the Saudi market. 

What is clear to me is that Rology has the right people and the right disruptive solution that the Saudi healthcare system truly needs. I am proud of what Arkan has done for the healthcare landscape in the kingdom, and I am eager to see Rology take it one step further” Tarik Baeshen shares.

As part of its strategic choice to focus on KSA as a key market, Rology is making inroads with this major acquisition. Saudi Arabia’s healthcare sector remains to be the largest in the region and Rology will play a critical role in delivering top quality reporting for the healthcare system in a highly efficient and cost efficient manner. As the leading teleradiology provider in the MEA, it is the logical next step for Rology to expand into KSA. 

The company has saved over 500,000 lives from Egypt to Kenya, through its one-of-a-kind solution. Rology’s acquisition of Arkan and the other local partnerships its forging, is evidence of the commitment the company has to the kingdom. 

This is the right time for Saudi, and Rology knows it. ‘Saeed ElAnsari & CEO of Tawaref (Rology investor) Demand for healthcare in KSA is rising, driven by population growth and aging as well as rising incidence of noncommunicable diseases. The large size of the country and the dispersed nature of its population has made it more challenging to deliver care to all segments. According to the 2020 Saudi Ministry of Health statistics 10 out of the 20 regions in KSA have no radiology consultants in private sector hospitals. 

And where they do exist, radiology departments are severely understaffed with shortages occurring at a time when radiology volume generally is increasing. That’s where Rology comes in. The combination of Rology’s rigorous radiologist recruitment process, its matchmaking algorithm that connects each case with the right expert and its recheck process ensures fast and high quality reporting.

Related Report: Egypt's Burgeoning Start-Up Ecosystem

---

Send us your press releases to shareyournews@lucidityinsights.com

Related Report

The Middle East & North Africa’s M&A Landscape 2017-2022

The Middle East & North Africa’s M&A Landscape 2017-2022

A five year review of the 2,911 M&A transactions executed across MENA region, amounting to over $276 billion in transaction value across the top 5 markets: Israel, United Arab Emirates, Egypt, Kingdom of Saudi Arabia, and Kuwait.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems