This play on the prefix from "medical" is ideally suited to a wide number of medical products, services and companies.
"Colo" could be an abstract suffix, but it can mean a "colocation" – a data centre facility in which a business can rent space for servers and other computing hardware. This could give extra weight to storing medical information, for example.
Medicolo has eight characters and four syllables. Successful brands using four syllable names include Coca-Cola, Panasonic and Unilever.
This domain was first registered in February 2018. Older domains have an advantage when ranking in search engines.
Medicolo.com is a dot-com domain. Dot com domains are the most prestigious domain extension in the world, used by famous websites like twitter.com. A dot-com is the first thing people think of when they think of a website.