Nigerian healthcare investor plans to raise $1bn fund
Nigeria’s Flying Doctors Healthcare Investment Company plans to establish a $1 billion fund to back healthcare and wellness companies across Africa, according to a Bloomberg report.
The investment firm has so far invested in retail pharmacy chain Lifestores, healthtech company Helium Health and medical diagnostics platform MDaaS, among others.
Dr. Ola Brown, the company’s managing partner and co-founder said in an interview it would raise the funding in three tranches within four years. The company plans to secure the first $200 million by the end of the first quarter of 2021.
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