Swedfund to join IFC and other DFI:s in platform investment within healthcare in East and Southern Africa
Introduction
Swedfund, have together with the Development financial institutions IFC, Proparco, Finnfund and the Danish Investment Fund for Developing countries - IFU, invested in Hospital Holdings Investment (HHI) holding company, launched at the Investment for Africa Forum in Cairo on November 23rd, 2019. HHI is an investment platform set up by IFHA-II Coöperatief U.A., a private equity fund focused on healthcare in Sub-Saharan Africa.
Swedfund has invested 15 million dollars in HHI, with the aim to contribute to boosting access to quality health care services to help improve lives and achieve universal health coverage across the region.
-As a development financial institution, we have a strong focus on filling the critical gap in the health care sector by providing access to health expertise in East and Southern Africa. Therefor this investment is very important to us, says Maria Håkansson CEO at Swedfund.
HHI is expected to grow services in East and Southern Africa from one hospital and 35 clinics to five hospitals and 52 clinics, serving up to 1.8 million patients annually over the next five years. This will be achieved both by building new facilities and acquiring existing health care assets.
Swedfund’s experience investing in healthcare dates back more than 20 years in time, with a strategy to grow the portfolio in the coming years to support quality, access and affordability in the least developed and lower middle-income countries in Africa and Asia.