Betterdoc: Otto Group acquires majority stake in digital health player Medgate

Otto Group, the international retail and services group, has acquired a majority stake in the Swiss company Medgate Holding, a provider of digital health services that include medical teleconsulting. At the same time, Medgate Holding has acquired BetterDoc GmbH, a data analysis service active in the DACH region that helps patients identify the most suitable doctors and clinics for their condition. The founders of Medgate and BetterDoc will continue to hold a minority stake in Medgate Holding and a corresponding contractual agreement has been signed by the parties. The Otto Group is thus pursuing the targeted expansion of its digital services towards digital health. The contractual parties have mutually agreed not to disclose the acquisition price.