Accel Funded HealthCareMagic Gets Acquired by US Based Ebix

Accel funded Healthcare Magic, medical advisory service has been acquired by Ebix, international supplier of On-Demand software and E-commerce services to the insurance, finance and healthcare industries.HealthcareMagic

Ebix has paid $6 million in cash for Healthcare Magic with a contingent earn out of up to $12.5 million payable after 2 years.

Healthcare Magic‘s round the clock “Ask a Doctor” service allows a consumer to write a health query, attach a picture or upload a lab report and post to doctors. With an average of 130 queries per hour, HealthcareMagic also has B2B clients like Vodafone, HSBC, McAfee, Akamai, Sapient, ICICI, Airbus, Bajaj and BMW etc.

“We also intend to offer this service to thousands of hospital clients, allowing them to create a private network between their Doctors and their patients. We see health and wellness coaching emerging as one of the most exciting fields in the United States and beyond.” [Ebix President and CEO Robin Raina]

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