This morning, Doctolib announced that it acquired fellow online medical appointment booking and management company MonDocteur.
“Our missions have been the same since day one: making our healthcare system more human, efficient, and connected and building a company of several thousand people sharing the same humanist values,” Stanislas Niox-Chateau, Doctolib cofounder and CEO, said in a statement. “Joining our forces with MonDocteur will enable us to invest more in our products and services and, above all, in our teams. This is the very beginning of the adventure.”
There are many similarities between the two companies: both are French startups, offer customers a way to book medical appointments online, and were found in the same year, 2013. The two companies both had a foothold in the French and German marketplace.
Paris-based Doctolib began its expansion into Germany in May of 2016. The company reported seeing a faster expansion rate in Germany than in France.
Doctolib is the larger of the two companies with 450 employees, as opposed to MonDocteur’s 150. But as part of the acquisition all of MonDocteur’s employees will be coming over, bringing the combined companies' total to 600 employees.
Combined, the companies include 55,000 doctors available and boast 20 million patient visits per month to their website and mobile app. The acquisition is expected to help the company continue to grow and expand in Germany and France, and to create new services for doctors and patients. The goal is to take a full “leadership position in Europe,” according to the company.
Within the next two years, the company plans to expand by 1,000 people and triple the size of its technology team.
Last year was a big year for Doctolib in terms of funding. In November the company announced a $41.6 million funding round led by BPI and Eurozeo. This came shortly after the Parisian startup landed $28 million in January 2017 from BPI. These more recent investments bring the company's total funding to $96.4 million, according to Crunchbase.
"We are bringing our teams and skills together to increase our strength and accelerate the transformation of practices and hospitals in Europe,” Niox-Chateau said.