Ghana’s healthcare startup ‘Africa Health Holdings’ that run a number of hospitals have reportedly scored $18 million in a Series A round, however, the latest fundraise is known to be deployed towards building its “tech-forward healthcare system” across notable markets like Ghana, Nigeria, and Kenya.
The latest round of funding was backed by Asia Pacific Land/Natural World Limited, which equally saw the participation of several other investors including Breyer Capital, TRB Advisors, Inc., M3, Kepple Ventures, Valiant Capital and not to exclude SUNU Capital.
Going forward, the latest fundraise by the startup will be used primarily to expand its telemedicine service beyond Ghana, to potential markets such as Nigeria and Kenya. This is the firm’s desired trajectory to grow its portfolio beyond in-person visits in order to enable electronic follow-ups via its mobile platform, more significantly, as more people across the continent of Africa get connected.
The subject app known as MyCareMobile is designed to offer a wide range of services to patients through teleconferencing that includes consultations with their doctors. It will also be fair to note that this is equally in addition to providing easy access to medical test results, and 24-hour emergency response.
“Africa Health Holding will expand by bringing its telemedicine technology to multiple countries. Currently, the telemedicine service is only in Ghana, but soon, it will be expanding to Kenya and Nigeria”, ‘Sangu Delle’ the firm’s chairman and CEO said.
Looking at the firm’s CEO and chairman track record, it’s worth noting that Delle is a World Economic Forum Young Global Leader, and a Harvard and Oxford graduate. Equally an EX – CEO of Golden Palm Investments; which is an investment holding company with an interest in early-stage opportunities in Africa.
As part of his efforts, he founded the subject startup (AHH) in order to “address Africa’s disproportionate share of the global disease burden”.
Meanwhile, the CEO behind the success of the subject startup made clear that increased demand in virtual consultations, which have gained momentum due to the Covid pandemic as people seek alternative approaches of getting across to health professionals, did accelerate its plans to adopt telemedicine. As a result, Africa Health Holdings attends to about 200,000 patients per year, who use the subject platform for referrals and treatment.
As the firm work towards its ambition aimed at growing its footprint within its current three markets, it’s also determined to explore viable opportunities within East, North, and Southern African countries. Knowing that this is the firm’s primary plan to emerge as the biggest healthcare provider in Africa.
“Always thinking about what is coming next and how to get quality healthcare to more people, Africa Health Holdings has begun investing in micro-tech-enabled clinics with virtual doctors’ offices that are filled with diagnostic technologies, and nursing support, specifically for people from lower socioeconomic classes”, the firm’s CEO Delle said.
In the meantime, the subject firm has three brands in three different countries, and these consist of the Meridian Health Group in Kenya, Nigeria’s Care Point Hospitals, and Rabito Clinic in Ghana, operating 40 facilities in total.
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