Ethiopia: Zoscales to make follow-on investment in diagnostic centre

Private equity firm Zoscales Partners has signed an agreement with Brook Fekadu, founder of Pioneer Diagnostic Center (PDC), to make a joint follow-on investment into the company to support its continued growth and expansion. This investment will be used to buy additional machines and open new centres.

PDC is one of the leading providers of diagnostic services in Ethiopia, offering a full array of imaging services to patients and physicians, by blending advanced technology, extensive clinical expertise, and high-quality patient care. Since Zoscales invested in the company in 2020, the company has expanded from three to seven centres and grown its revenue by more than 3x.