Metal Component Engineering (MCE) is venturing into the healthcare metaverse after acquiring a host of new businesses and attracting new investors. To signal its entry into the patient aftercare business, MCE has also changed its name to Meta Health.
Last July, MCE announced the acquisition of an 85.07% stake in healthcare and pharmaceutical e-commerce firm Gainhealth for $4.25 million. Meta Health also acquired a 70% stake in Gaido Digital Medika, 10% stake in MedTel Healthcare and 17.28% stake in social commerce company Adazal. It also started a joint venture with MNR Food for the development and distribution of clinical nutrition products.
“The thing about the healthcare industry is that it is huge. We don’t have any real limit to the number of companies that can be in this industry because the size of it is just very big,” says Dr Vas Metupalle, chief medical officer of the company’s healthcare arm 5Digital, in an interview with The Edge Singapore.