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Doctor Care Anywhere PLC (ASX:DOC) expands new service in Ireland

Jaz Harrison
Jaz Harrison
Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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Doctor Care Anywhere PLC (ASX: DOC) has expanded its digital health offerings into the Republic of Ireland.

Self-pay service is available in Ireland

The company said that its digital healthcare service is available to self-pay patients in the Republic of Ireland. The self-pay service is available via a partnership with the pharmacy business Boots Ireland.

Boots Ireland is part of Walgreens Boots Alliance (NASDAQ: WBA) and has a large presence in the Republic of Ireland with 89 stores.

Management said that this new service builds on its current presence in the Irish market, enhances the company’s direct-to-consumer model and will help provide a fully integrated treatment pathway for patients.

Growth opportunities in the Republic of Ireland

With a population of 4.9 million, the Irish healthcare market is mainly funded through private medical insurance and self-pay services. Doctor Care Anywhere believes that the Republic of Ireland is an important strategic market for the business.

The company has established itself in the Irish market by providing digital healthcare services to employees of a large banking group. It also has a partnership with the insurance group Allianz in Ireland.

Final thoughts on the Doctor Care Anywhere share price

The Doctor Care Anywhere share price didn’t materially move on the back of this news yesterday. Today the share price is down almost 2% at the time of writing.

The company is moving ahead with its expansion plans and recently entered the Australian telehealth market. It could pay off for Doctor Care Anywhere, with the demand for digital health services rapidly rising in a COVID-19 world.

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At the time of publishing, Jaz does not have a financial or commercial interest in any of the companies mentioned.

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