Mineworkers Investment Company backs Quro Medical

South Africa’s Mineworkers Investment Company (MIC) has announced an investment in healthcare technology company Quro Medical.

Through its venture capital initiative, Khulisani Ventures, MIC has invested R25 million (c. $1.4 million) in the startup, which is changing the way healthcare is delivered in South Africa.

Quro Medical’s Hospital at Home programme is the first of its kind in Africa, offering patients medical care from the comfort of their own homes, while reducing the risk of infection and cutting costs compared to traditional hospital stays.

Dr Vuyane Mhlomi, Quro Medical’s co-founder and CEO, said: “Our technology-enabled solutions are designed to provide seamless, patient-centric care that puts the patient first. We’re leveraging cutting-edge technology and evidence-based protocols to monitor patient health proactively, ensuring that every patient receives the best possible care in the comfort of their own home.”

Quro Medical’s service offering provides substantial opportunities for scalability, said MIC impact investment manager, Thato Ntseare. “Quro Medical presents MIC with a new and exciting track for us from an impact investment strategy point of view. While we are focused on businesses that provide technology-based solutions, this is the first health tech business funded through Khulisani Ventures. Remote patient management is a growing trend globally and the business case and deep understanding of the value chain presented by Quro Medical demonstrates similar growth opportunities in South Africa. We are also attracted by the impact this business presents as it has high potential for increasing accessibility to healthcare services.”