Africa Healthcare Network (AHN), A Port Louis, Mauritius-based company running a chain of kidney care & dialysis centers across East Africa, closed its Series A funding.
The amount of the deal was not disclosed.
Backers included Africa Healthcare Fund / Asia Africa Investment & Consulting Pte Ltd, an Africa focused healthcare investment firm, and existing investor Polaris Partners, a leading global venture capital firm.
The company intends to use the funds to continue to grow in Tanzania, following its entry into Kenya, and expand over the next two years in West and Southern Africa.
Founded by Nikhil Pereira-Kamath, Dr. Lloyd Vincent and Dr. Brian Pereira, AHN operates dialysis units in government hospitals, private and faith-based hospitals as well as stand-alone dialysis centers across East Africa, based out of Rwanda, Kenya and Tanzania.
It currently has 8 centers across Rwanda and Tanzania with a presence in cities such as Kigali, Gisenyi, Dar es Salaam, Mwanza and Arusha with 15 centers expected by year end 2019. It plans to expand its presence across all Tier I and Tier II cities in Kenya and Tanzania and enter West and Southern Africa.
The company holds PPPs with the Government of Rwanda, an MOU with the Government of Tanzania and strategic partnerships with some of the largest hospital systems in East Africa.
It is led by a management team with a combined 100 years of operational and clinical expertise in the industry.
With the close of this transaction, AHN’s investor base includes Africa Healthcare Fund / Asia Africa Investment & Consulting Pte Ltd, Polaris Partners and Flint Atlantic Capital Partners. In addition to the equity funding, the company will be raising additional debt to fund its expansion plans.