Advocating the individual patient interests and data to provide a measurable value-add to each patient's health and well-being - NOVENTI, Labor Becker & IEG 12 APOSTEL invest in DoctorBox
The Background The electronic health record or in the further development the electronic patient record (elektronische Patientenakte = ePA) is the central element of connected healthcare and the telematics infrastructure. By January 2021 at the latest, the statutory health insurances must offer such an ePA to their insured members. It enables documentation of the medical history across all cases and institutions. DoctorBox offers an insurance-independent solution for the digital health record. The iOS and Android app is used for the individual management of personal health data and it is a leader on the German market in terms of data protection and its functions, such as document scanning, the exchange between doctor and patient right up to the emergency stickers including integrated vaccination certificates and organ donation cards.
The Deal DoctorBox and NOVENTI have started a strategic partnership. Furthermore, DoctorBox has completed an oversubscribed equity financing round in the mid-single-digit million range with NOVENTI as anchor investor as well as other existing investors from the fields of health care, AI, data management and finance. IEG - Investment Banking Group acted as exclusive financial advisor to DoctorBox. Stefan Heilmann, CEO at IEG, states: "With NOVENTI's strong impact in servicing within the health sector, the DoctorBox's digital health record has found an ideal partner to build the leading digital health managing platform for European patients - independet of health insurances."
The Partners DoctorBox is an independent digital health record. The free app is used for the individual management of personal health data. Whether documents, diagnoses, invoices, medication, pain diaries or doctor's appointments - everything is thoroughly stored at a central location, the data sovereignty lies with the patient. The NOVENTI Group is the leader on the digital healthcare market in Germany, Germany's largest pharmacy inventory management and, with a prescription billing volume of over EUR 20 bn, Europe's largest billing company in the healthcare sector.
The Perspective As a neutral platform, DoctorBox is in line with NOVENTI's strategy to develop general and accessible solutions for the networked healthcare system. The cooperation offers a wide range of starting points for NOVENTI which will serve to create synergies between the Group's subsidiaries. Furthermore, the partnership offers NOVENTI's customers the security that they are already prepared for the mandatory introduction of electronic patient records. "Together, we will continue to place the patient at the centre of the exchange of health data," says Priv. Doz. Dr. Oliver Miltner, CEO of DoctorBox.