South Africa: PE firm invests in private hospital
South Africa: PE firm invests in private hospital
RH Managers announces completion of Herolim Private Hospital in Mthatha.
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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.
Situated in Callaway at the heart of Mthatha, Herolim Private Hospital is a 76-bed facility, with plans for expansion to 130 beds in the near future. It joins a network of 18 healthcare facilities owned and operated by Africa Health Care across the country.
Africa Health Care is a healthcare organisation specialising in hospital management and related healthcare services. It currently owns and manages several of its own entities and manages other hospitals on behalf of RH Managers and others.
Quinton Zunga, CEO of RH Managers, stated, “Mthatha represents a growing economic hub in the Eastern Cape, deserving of a private healthcare facility. We are proud to contribute to meeting this need and bringing advanced healthcare closer to residents. Aligned with our mission to extend private healthcare to peri-urban areas in South Africa, Herolim Private Hospital is a pivotal component of our strategic vision.”
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