Berlin-based HealthTech startup doctorly has been acquired in full by FREY ADV, marking a turn of events from insolvency to successful acquisition.
The acquisition allows doctorly to continue operations under FREY ADV, a longstanding software provider in the German healthcare market.
Founded in 2018, doctorly aimed to modernise practice software, and its cloud-based solution saw success after facing insolvency earlier this year.
After the acquisition, doctorly withdraws its insolvency application, with the remaining co-founders continuing under new ownership to further digitize healthcare infrastructure in Germany.