News About Nigeria

 

Aster DM makes Nigerian play

GCC and Indian healthcare group Aster DM has signed a partnership with a university hospital in Nigeria to set up centres of excellence (COE) and a telemedicine unit. The group says the facilities will help fill Nigeria's most significant gaps in provision, but a local advisor sees a referral stream in the short-term.

New Nigerian hospital project looks for investors

A new hospital to be built in Lagos as part of an urban development project is looking for investors. We speak to the broker of the deal at real-estate brokerage firm Coldwell Banker Netherland (CBN). 

TPG in for Abraaj’s health fund

Private equity giant TPG Capital has reportedly entered exclusive negotiations to take over the management of Abraaj's $1bn healthcare fund which has assets in Kenya, Nigeria, Pakistan and India. It looks to be the end of a protracted saga which contacts say might dampen fund managers' appetite for so-called impact investing in emerging markets.

Hospitals in our pockets: the future of African healthcare

Before British primary care digital health player Babylon came along, the Rwandan government had never signed a contract with a private healthcare provider. A universal healthcare coverage scheme called Mutuelles de Santé had been operating in the country since 1999, but ten years later was spending 9.7% of GDP on health. The government and its citizens needed a means to make healthcare more accessible and affordable: so in 2016 it invited a private digital health platform to help connect patients to doctors.

Saudi German makes plans in Nigeria

MENA hospital group Saudi German has partnered with a major Nigerian politician's healthcare company to build a referral centre, diagnostic centre and 100-bed hospital in the capital Abuja. This will provide an excellent channel for referring out-of-pocket payers to Dubai - but Saudi German is keen to stress it should also generally help stem the tide of medical tourists flooding out of the country. 

FREE BLOG HBI Awards 2017: Connecting sub-Saharan Africa to better healthcare through mobile technology

PharmAccess is a Dutch NGO that works to improve healthcare access and services in sub-Saharan Africa through mobile technology and providing financial loans. It was a finalist because the M-TIBA solution is unique, claims 250,000 users and incremental increase in revenue. It connects patients and providers, remitters and employers, as well as governments, insurers and donors onto one platform.

Africa: Five definites, four maybes and nine no-nos

Health is becoming big business in parts of Sub-Saharan Africa. As its countries become more urban and populations become more affluent, private operators are seeing opportunities to invest, and to make a difference to people’s lives – particularly as public health sectors struggle to cope. African healthcare expert Dan Schönfeld, former head of investments at Vital Capital, offers his personal assessment or where he would, and wouldn’t recommend putting your money.

HCG plans international market expansion

Healthcare Global, the largest Indian cancer hospital chain, had recently acquired facilities in Kenya to establish its 1st comprehensive center outside India. As part of long-term strategy, in the next few years, HCG plans to have presence in Africa, SE Asia and the Middle East. Chairman and CEO, Dr. BS Ajaikumar, who is speaking at HBI 2018, explains.

Interview: Dr Rajgopal Thirumalai, Vice President, Global Medical & Occupational Health, Unilever

Unilever runs a global health and prevention programme in over 90 countries for its 169,000  employees. How? What does Dr Thirumalai (known as Dr Raj) think of the private healthcare services sector? And what changes does he expect in the future? And what does he expect from digital health and AI? Dr Raj is also a non-executive independent director of Apollo Hospitals Enterprise and a speaker at HBI 2018 on April 10-11 in London.

Interview: Dr Rajgopal Thirumalai, Vice President, Global Medical & Occupational Health, Unilever

Unilever runs a global health and prevention programme in over 90 countries for its 169,000  employees. How? What does Dr Thirumalai (known as Dr Raj) think of the private healthcare services sector? And what changes does he expect in the future? And what does he expect from digital health and AI? Dr Raj is also a non-executive independent director of Apollo Hospitals Enterprise and a speaker at HBI 2018 on April 10-11 in London.

New medical services for Africa

An African temporary medical staff agency, international telepathology for diagnosing cancer and a cloud-based HR service are among the new projects from Corvus Health, the new for-profit business launched by Dr Kate Tulenko, an American with 15 years experience in health care services in emerging markets. She is a speaker at HBI 2018, April 10-11, 2018 in London. We explore the projects.

Abraaj funded hospital opening in Lagos

Healthcare Nova hears that a 160-bed hospital in Lagos, being developed by UAE-based private equity firm Abraaj in partnership with a local operator, is set to open in 2018.

IDH, Man Capital and IFC take stakes Nigerian diagnostic-group Echo-Scan

LSE-listed Integrated Diagnostics (IDH) acquired a majority stake in Nigerian lab and imaging group Echo-Scan today with its family office partner Man Capital. The development bank IFC also took an equity stake and all three partners will invest a total of $25m to expand the group.

Lenmed looks north 

South Africa's fourth largest hospital chain is already in Mozambique and Botswana and is keen to expand into other Sub-Saharan countries such as Nigeria, Ghana and Uganda. That might be with specialist outpatient chains.  But there are plenty of opportunities in South Africa as The Competition Commission stops the Big Three from making more inpatient acquisitions. We talk to Lenmed COO, Amil Devchand. 

Interview: Ngu Morchu, MD and founder of Yako Medical Africa

How do you solve a problem like Nigerian healthcare? With a negligible private insurance market and limited-reach public healthcare system, it’s going to take an honest appraisal of the country’s problems and entrepreneurs with vision and drive to turn things around. Healthcare Nova speaks to Ngu Morchu, MD and founder of Yako Medical Africa which is pioneering new business models in imaging. He claims to have an answer, and he says it starts with creating “Africa’s Affidea”.

Could Abraaj be ditching Kenya for Nigeria?

Private equity, venture capital and real estate investment firm Abraaj Group may be pulling out of a proposed partnership with Indian-based multi-speciality hospital chain Narayana, the IFC and local surgeons in Nairobi - and could have its sights set on two hospitals in Lagos.

HBI 2017: More deals on the way in Africa, say experts

A panel of African investors, advisors and operators gave a critical but positive assessment of the future of private healthcare on the continent at the HBI 2017 conference. Dr Egbe Osifu-Dawodu, formerly of the IFC and World Bank, and a founding partner of the Anadach consultancy explained the opportunity in Africa.

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