Japanese corporate VC fund partners with Africa Health Holdings
M3, Inc. has announced a capital alliance with Africa Health Holdings (AHH) as an investment for M3’s corporate venture capital fund, 1P1Y Fund.
M3 operates m3.com, a specialised web portal for medical professionals that delivers healthcare-related information to its over 290,000 physician members in Japan, and offers marketing and clinical trial services.
AHH undertakes investment in and operation of medical institutions in Africa, and operates 38 medical facilities across Ghana (Rabito Clinic group), Nigeria (CarePoint Hospitals group) and Kenya (Meridian Health Group). AHH also provides online medical services through its telemedicine application, MyCareMobile.
While Africa accounts for 15% of the total world population and 24% of the total global disease burden, it accounts for only 1% of total global medical expenditure and 3% of medical professionals, which results in a significant supply-demand gap in medical care. As a solution for this imbalance, AHH aims to bring about revolutionary changes through the development of medical facilities with high-quality standards, networking among facilities, and cost reduction in medical provision, by investing in IT technologies and network development across medical facilities.
Through this capital alliance, M3 will work to increase the productivity, sophistication, and acceleration in the expansion of AHH’s medical facilities and of its digital technologies, through the creation of solutions within the medical field that promote higher medical standards and wider access to medical care across Africa. To realise these objectives, M3 will leverage its physician platform and services related to research, clinical trials, office appointment systems, medical site operations management, telemedicine, AI diagnostic technologies and more, as well as the learnings gained through such service provision.
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