Africa Health Holdings, a healthcare startup with several hospitals, has raised $18 million in a Series A round. The funds will be used to expand the company’s “tech-forward healthcare system” across Ghana, Kenya, and Nigeria.
TRB Advisors, Breyer Capital, M3, Inc., Valiant Capital, Kepple Ventures, and SUNU Capital all participated in the investment round, which was led by Asia Pacific Land and Natural World Limited.
Africa Health Holdings, based in West Africa, plans to use the funds to expand its telemedicine service beyond Ghana, to Nigeria and Kenya. As more people across the continent become connected, the company plans to expand its portfolio beyond in-person visits and allow electronic follow-ups using its mobile app.
The MyCareMobile app, according to the company, gives patients teleconferencing access to a variety of services, including doctor consultations. This is in addition to offering access to test results and 24-hour emergency response.
“Africa Health Holdings 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,” said ther firm’s chairman and CEO,Sangu Delle.
To “address Africa’s disproportionate share of the global disease burden,” he launched Africa Health Holdings.
Increased demand in virtual consultations, which has developed as people seek alternative means to attract the attention of health professionals as a result of the COVID pandemic, has accelerated the company’s intentions to integrate telemedicine, according to the TED fellow. Approximately 200,000 patients use Africa Health Holdings’ telemedicine platform for referrals and treatment annually.
The firm now has an ambitious plan to expand its reach in its current three areas while also looking into opportunities in East, North, and Southern Africa. This is in line with their goal of becoming Africa’s largest healthcare provider.
“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,” said Delle.
“Individuals are able to enter micro-tech-enabled clinics, meet with doctors virtually, consult with nurses, and receive treatment and/or referrals for additional care at a reduced cost,” he said.
Africa Health Holdings operates 40 facilities under three brands in three countries: Meridian Health Group in Kenya, Rabito Clinic in Ghana, and Care Point Hospitals in Nigeria.
In Kenya, the Meridian Health Group has 16 hospitals, as well as a drug and alcohol recovery center. In Ghana, Rabito Clinic Limited has 21 dermatology and general medicine facilities, whereas in Nigeria, Care Point Hospitals Limited has two hospitals and a clinic. In addition to pharmacies and laboratories, Africa Health Holdings has operations in all three countries.