DocDoc fits the new investment remit of pan-Asian income producing assets with capital gain potential, said Harmony Capital, which took over in May 2017.
Up until now, it has been restructuring the portfolio, but this is the first addition.
Based in Singapore, DocDoc uses data and clinical information processing across a network of physicians and hospitals to help patients find high-quality medical care.
DocDoc currently has a network of over 23,000 physicians, 700 clinics and 100 hospitals and the company believes there is a significant unmet need in the marketplace for patient empowerment in Asia.
This will give better-priced treatments, outcomes and patient experiences.
Agreements have already been tied up with leading insurers in the region such as Ping An and Prudential said John Croft, Adamas’ chairman,
DocDoc is an exciting next-generation digital health platform, adeptly fulfilling patient demand and supported by its partnerships with these leading players, he added.
Adamas was the lead investor in DocDoc's latest US$5.45M round of investment via a US$2mln subscription to a convertible bond offering.
Cole Sirucek, DocDoc's co-founder and chief executive, added: “Their [Adamas] investment has come at a most opportune time as we scale our value-added doctor discovery service in conjunction with the region's largest insurance companies.“