UST Global invests in MyDoc, a Singapore-based Digital Health Platform Company
Thiruvananthapuram, Kerala – September 13, 2017 – UST Global has made a strategic investment in MyDoc, a Singapore-based Digital Health Platform company, to expand its digital offerings in Healthcare, focusing on Asian and European markets. The investment will fund MyDoc’s ongoing initiative to drive population-wide digital health programmes, including disease management and health data tracking. This aligns well with MyDoc's Asia-wide drive to introduce new digital services to communities with healthcare being a key pillar in all markets.
KrishnaSudheendra, CFO, UST Global, said, “We are quite excited with this partnership. MyDoc willcomplement our suite of digital offerings and we strongly believe that thisinvestment and partnership with MyDoc will create significant value to ourcustomers in their digital transformation journey. UST, with its globalpresence, vast customer base and domain expertise in Healthcare space, will bean ideal partner for MyDoc, to expand MyDoc’s reach to global Fortune 500customers and governments across Asia. In addition, UST’s Human-CentricDesign, AI and Cloud capabilities would power the MyDoc platform to furtherexpand its product offerings rapidly”.
MyDoc’sDigital Platform integrates different healthcare ecosystem players and enablesusers to access a network of healthcare services, including doctor consultations,online prescriptions, and long-term disease management programs. Users canselect, compare, and book health checks and consultations with specialists,diagnostic centers, and hospitals. They can also order medicines, as well asaccess their health insurance portfolio. Their current client listincludes Asia's largest insurers like AIA, AXA and Aetna, large corporateclients, providers like Guardian Pharmacy and government partners like theHealth Promotion Board of Singapore.
SnehalPatel, CEO and Co-Founder of MyDoc, said, “We could not be happier about this partnership withUST Global. In healthtech, access to critical ecosystem partners plays acrucial role in successful roll outs, especially with large scale roll-outsacross hundreds of thousands of people, if not millions. Besidesproviding the financial backing, UST Global is also a key strategic ally tohelp us expand our focus on Smart Nation initiatives in Singapore and replicatethat success across Asia. Their technology capabilities as well as their globalcustomer relationships will be extremely beneficial for MyDoc in our next phaseof development and growth. In addition, through our discussions we feel that wehave found a partner whose vision around healthcare and technology aligns very stronglywith our own.”