PTS Investments Holdings acquires Egypt’s EDAM

PTS Investments Holdings acquires Egypt’s EDAM

US-based PTS Investments Holdings has acquired Egypt-based healthtech EDAM through its operating company in Egypt. The value of the deal remains unknown.

The acquisition comes as part of a larger effort by PTS Holding to double down on investments in its digital effort targeting the Egyptian market.

Established in 2019, EDAM works as a location-as-a-service (LaaS) startup, connecting its users to medical institutions and healthcare providers in their vicinity. The startup also lets users pay for the medical services provided by its partners in instalments.

The investment will help EDAM accelerate the development of its platform and grow its user base to 2.5 million subscribers by the end of 2023.

Press release 

PTS Investments Holdings inc. announced today that it has finalized its acquisition of EDAM Healthcare Services S.A.E in an undisclosed six figures deal through its operating company in Egypt, by this acquisition the holdings aim to have direct investment into the Egyptian and MEA region mainly in the technology and applied engineering, as well as the sectors of health, education, transportation, logistics, and energy by collaborating with local and global partnerships and alliances and providing integrated solutions and services to enrich and enhance digital community awareness in MEA region and ensure a direct