About Accumed
Accumed is a company based in Dubai (United Arab Emirates) founded in 2009 was acquired by Gulf Capital in February 2018.. The company has 244 employees as of April 10, 2024. Accumed operates in a competitive market with competitors including Access Healthcare, Performant Financial, Sagility, Alpha II and Xtend Healthcare, among others.
- Headquarter Dubai, United Arab Emirates
- Employees 244 as on 10 Apr, 2024
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Apm Medical Billers Private Limited
- Date of Incorporation 19 Oct, 2015
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$2.16 M (USD)1.74as on Mar 31, 2023
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Net Profit
$18.72 K (USD)-45.66as on Mar 31, 2023
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EBITDA
$60.35 K (USD)-44.23as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
244
as on Apr 10, 2024
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Acquired by
Gulf Capital
(Feb 01, 2018)
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Funding Insights of Accumed
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Accumed
Accumed has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Gulf Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Alternative investment firm providing services in Private Equity, Private Debt, and Real Estate across Growth Markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Accumed
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Accumed
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Accumed Comparisons
Competitors of Accumed
Accumed operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Access Healthcare, Performant Financial, Sagility, Alpha II and Xtend Healthcare, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of revenue cycle management, BPO, IT, and finance and accounting services
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| domain | founded_year | HQ Location |
Recovery solutions for government obligations are provided by Performant Financial.
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| domain | founded_year | HQ Location |
Healthcare outsourcing, revenue management, and technology solutions are provided.
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| domain | founded_year | HQ Location |
Coding, compliance, and revenue analysis platforms are provided for healthcare.
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| domain | founded_year | HQ Location |
Revenue cycle management services are provided to healthcare organizations.
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| domain | founded_year | HQ Location |
Revenue cycle management software is provided to healthcare professionals.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Accumed
When was Accumed founded?
Accumed was founded in 2009.
Where is Accumed located?
Accumed is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
How many employees does Accumed have?
As of Apr 10, 2024, the latest employee count at Accumed is 244.
What is the annual revenue of Accumed?
Annual revenue of Accumed is $2.16M as on Mar 31, 2023.
What does Accumed do?
AccuMed was founded in 2009 and is headquartered in Dubai, United Arab Emirates. Operations focus on the healthcare sector, where revenue cycle management services are delivered to support billing, claims processing, and financial optimization for medical providers. These services are tailored to regional needs in the Middle East, ensuring compliance with local regulations and efficient revenue recovery processes.
Who are the top competitors of Accumed?
Accumed's top competitors include Access Healthcare, GeBBS and Sagility.
Who are Accumed's investors?
Accumed has 1 investor. Key investors include Gulf Capital.
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