Business news from Ukraine

Kyivstar to invest $10 mln in Helsi

26 October , 2023  

Kyivstar, Ukraine’s largest mobile operator, intends to invest up to $10 million in creating an ecosystem of services for patients in the healthcare sector based on Helsi (Healthy Ukraine LLC).

“Our focus is on the development of digital services based on the telecom service we provide to our customers. A good example is our investment in Helsi. We invested in a small company, which at the first stage was an information system for medical institutions and patients. What are we doing now? We are investing to build an ecosystem of healthcare services for patients based on this connection. The investment in Helsi is up to $10 million,” said the president of Kyivstar.

He specified that the funding will be allocated as part of a total investment of about $600 million from the parent company VEON.

According to Komarov, the company is actively developing telemedicine services, which were used by more than 1.1 million people in the first half of 2023. In the near future, it is planned to launch functionality that will allow patients to track test results in the app and sign up for seasonal vaccinations.

Earlier it was reported that Kyivstar invested $3 million in the company’s development after purchasing a controlling stake in Helsi (Healthy Ukraine LLC) in August 2022.

Helsi is a medical information system and a leading digital healthcare provider, known as a provider of SaaS medical information system solutions for 1.3 thousand public and private clinics. “Kyivstar acquired 69.99% in August last year for UAH 555.74 million.

The number of employees has almost doubled to 240 over the past year. In the second quarter of 2023, Helsi increased the number of registered users to 25.4 million patients, up from 25 million a quarter earlier.

As of mid-October 2023, the number of active unique users in the app increased to 1.1 million, and including the web version – to more than 2 million Ukrainians, which is equal to the pre-war figures.

Since the beginning of the year, Helsi has introduced new services: urgent medical consultations, online chat with a doctor and exchange of medical documents, search for doctors and medical facilities nearby, vaccination calendar, and medical certificate service.

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