Eha Impact Ventures converts $3m debt into equity for EHA Clinics
Eha Impact Ventures converts $3m debt into equity for EHA Clinics
EHA Clinics is a network of primary care facilities in Nigeria.
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Eha Impact Ventures (EIV), an impact investment firm, has converted $3 million in debt financing into equity for EHA Clinics, a prominent network of primary care facilities in Nigeria. By transitioning debt into equity, EIV aims to bolster EHA Clinics’ financial position ahead of its Series A funding round, facilitating access to additional capital for business expansion and operational scaling.
Since its inception in 2018, EHA Clinics has rapidly expanded its footprint in Nigeria’s healthcare landscape, distinguishing itself through innovative technology integration, commitment to quality care, and accessible pricing. EIV’s initial debt financing was pivotal in supporting EHA Clinics during its formative years, enabling the company to establish a solid foundation in Nigeria.
Evelyn Castle, CEO of EIV, says, “This conversion represents a strategic investment in EHA Clinics’ future. We believe in the company’s mission to enhance healthcare accessibility in Nigeria and are committed to supporting its growth through this financing initiative.”
EHA Clinics’ CEO, Adam Thompson, remarked, “We are grateful for EIV’s continued partnership and support. Converting debt to equity strengthens our financial standing and reflects our investors’ confidence in our long-term success. This strategic move will enable us to fortify our operations, enhance our service offerings, and accelerate our mission to deliver quality healthcare to Nigerians.”
The conversion of debt into equity offers several benefits to EHA Clinics, including enhanced capital-raising capabilities, expanded operational capacity, strengthened asset protection, improved cash flow management, and increased attractiveness to potential investors.
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