Kenya

 

Interview: Massimiliano Colella, CEO, Evercare Group

We talk to the CEO of Evercare Group, the diverse conglomerate of South Asia and African hospitals that make up the $1bn Evercare Health Fund originally raised by Abraaj before TPG's takeover in 2019. Colella talks strategic priorities including 'turning Evercare from a fund into a real company', recent management departures, the platform today and why his own lack of emerging market healthcare service experience doesn't matter for this job.
October 28, 2020

COVID-19: The view from Africa

Africa needs to come together to find a solution to the COVID crisis, which has proved to be as much an economic one as a healthcare one - and cannot and should not rely on help from outside. This was the view of an expert panel which convened online to discuss COVID-19, healthcare more generally, and African economics.
October 15, 2020

Even prenatal admissions are down in Kenya

Small and medium healthcare facilities across Sub-Sarahan Africa are facing liquidation with Africa Healthcare Federation reporting an average 40% revenue drop in March. Even the maternity sector, which has held steady in Europe, has seen fewer admissions in Kenya.
May 29, 2020

Investors for Health opens door to all serious emerging market investors

All emerging market health-care investors are welcome to join Investors for Health (I4H), a newish community of 30+ investors including development banks, private equity, venture capital and impact funds. The group aims to jointly focus on private healthcare development in emerging markets with a focus on equity and alignment with universal healthcare cover. It next meets at HBI 2020, April 20-22, London. Its formation reflects a quiet revolution in the role of for-profit healthcare and its importance in bridging the World Health Organisation's estimated $686bn funding gap in low-and-middle-income countries to achieve the United Nation’s Sustainable Development Goal #3 (“Ensure healthy lives and promote well-being for all at all ages”).
March 4, 2020

Exclusive: IFC-backed HHI acquires AAR Healthcare

IFC-backed holding company Hospital Holding Limited (HHI) is close to acquiring AAR Healthcare after it received approval from the Kenyan competition authority, HBI can exclusively reveal.
February 3, 2020

Debts stacking up for NHI schemes

Nearly three years after the CEO of Ghana's National Health Insurance Authority (NHIA) declared it "almost bankrupt", its President claims that his party has cleared the GHS1.2bn ($200m) debt. The country isn't alone in having stacked up debt: HBI looks at the arrears of NHI schemes across emerging markets.
December 19, 2019

IFC invests in triple million fund for sub-saharan Africa

The IFC has invested in the biggest sub-Saharan Africa healthcare investment platform since Abraaj's ill-fated $1bn fund with a view to acquiring and integrating hospitals in east and southern Africa. It's still not that big.
November 28, 2019

Kenyan NHIF C-section costs soar

C-sections now account for a third of all maternity costs under Kenya's national health insurance scheme, with some experts concerned that operators have been cashing in on inflated prices.
October 31, 2019

Former Abraaj health fund’s platform appoints new CEO

Evercare, part of what was formerly the Abraaj Growth Markets Health Fund (AGHF) and now managed by global PE firm TPG, has appointed a new CEO to oversee its hospitals and clinics in India, Pakistan, Kenya and Nigeria.
October 24, 2019
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