Five notable African healthcare deals
We highlight five African healthcare investments, as featured in our Dealmaker’s Log.
We highlight five African healthcare investments over the past 12 months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. Salt Capital invests in Namibian private hospital
Salt Capital has acquired Rhino Park Private Hospital, a multi-disciplinary private hospital based in north Windhoek, Namibia.
Founded over 30 years ago, Rhino Park first opened its doors as a day hospital with two operating theatres and a primary health care clinic. Since then, the hospital has evolved into a 120-bed and four operating theatre full-service hospital, with a specialism in maternity and neonatal healthcare. Read the full article
2. AfricInvest and Proparco provide financing to African eyewear company
AfricInvest and Proparco together approved financing for Lapaire Glasses, an optical retail chain offering eyewear at a fair price in West and East Africa (Côte d'Ivoire, Benin, Togo, Mali, Burkina Faso and Uganda).
$2.5 million in financing will be made available from AfricInvest and €450,000 from Proparco, through its Bridge by Digital Africa facility. Read the full article
3. BII-backed Growth Investment Partners Ghana in medical oxygen deal
Growth Investment Partners Ghana, a British International Investment platform, has announced a new investment in Rikair Company, a local provider of medical oxygen, equipment and infrastructure.
Access to medical oxygen has always been a challenge in Ghana. This was exacerbated by the Covid-19 pandemic which led to an increase in the number of people in need of oxygen. Read the full article
4. South Africa: PE firm invests in private hospital
RH Managers, a private equity firm specialising in healthcare investments, has announced the completion and commencement of operations of Herolim Private Hospital, a healthcare facility in Mthatha, South Africa. This investment of R270 million (c. $14.2 million), split evenly between debt and equity, signifies RH Managers’ commitment to providing high-quality and affordable healthcare services to the local community. Read the full article
5. AAIC Investment backs health tech platform BIMA
AAIC Investment has announced an investment in BIMA, a health tech platform that provides affordable health insurance and digital health services tailored to underserved populations in emerging markets.
The investment was made through AAIC’s Africa Innovation and Healthcare Fund (AHF2), a fund that focuses on investments in the healthcare sector in Africa. Read the full article
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