The Californian group UST Global announced in early September that it has made an investment in MyDoc, a Singapore-based company which created a digital health platform.
Objective: to expand its digital offerings in healthcare with a focus on Asian and European markets. The group has not yet communicate the amount of the investment.
To improve disease management and health data tracking
The investment will support MyDoc’s ongoing project to drive population-wide digital health programs, including disease management and health data tracking.
UST wants to facilitate the process of digital transformation of its customers
» MyDoc will complement our suite of digital offerings and we strongly believe that this investment and partnership with MyDoc will create significant value to our customers in their digital transformation journey, » said Krishna Sudheendra, CFO of UST Global.
« UST, with its global presence, vast customer base and domain expertise in the healthcare space, will be an ideal partner for MyDoc, to expand MyDoc’s reach to global Fortune 500 customers and governments across Asia. In addition, UST’s Human-Centric Design, AI and Cloud capabilities would power the MyDoc platform to further expand its product offerings rapidly. »
MyDoc plans to expand further in Asia
« We could not be happier about this partnership with UST Global, » said Snehal Patel, CEO and co-founder of MyDoc. In healthtech, access to critical ecosystem partners plays a crucial role in successful roll-outs, especially with large scale roll-outs across hundreds of thousands of people, if not millions. »
Mr. Patel is pleased with the financial support provided by UST Global and the key strategic alliance with the international group that will help MyDoc to expand its activities across Asia.