Otto Group completed the acquisition of a majority stake in Medgate.

Otto Group, the international retail and services group, completed the acquisition of a majority stake in Medgate, a provider of digital health services that include medical teleconsulting. Financial terms were not disclosed. "We see tremendous potential in the digital health sector. Health is naturally a core component of people's lives, which makes integrated, digitally supported patient care highly relevant. The experience gained during the corona pandemic, for instance, strongly reaffirms this. With Medgate and BetterDoc we are therefore expanding our digital offerings to include digital health, fully aligned with our vision of 'Responsible Commerce that inspires'," Alexander Birken, Otto Group CEO.