Nigeria

 

Investors discuss opportunities in Nigeria’s private healthcare sector

A panel of Nigeria's healthcare operators, private equity investors and finance institutions including the IFC discussed opportunities for financing the sector in a recent panel discussion. HBI asked one of them whether recent entries into the diagnostics space from foreign entities are a benefit or are just helping to cream off the top-tier of the market.
August 27, 2020

Investor launches buyout of Nigeria’s third-largest diagnostics chain

Listed Nigerian lab and imaging group Union Diagnostics, the country's third-largest by revenue, is the target of a majority buyout by its largest single shareholder. We talk to a well-placed source about the Nigerian diagnostics market which has five big players, including European and GCC diagnostic operators Synlab, IDH and Cerba which entered recently. 
March 25, 2020

Ex-Abraaj Lagos hospital’s imminent opening a ‘game-changer’ for market

Nigeria's largest city will have a new international-standard hospital when the 160-bed Evercare Hospital Lekki, part of what was the Abraaj Growth Markets Health Fund, opens in Q1/Q2 this year. An advisor tells HBI local hospitals might struggle to compete with the country's first facility backed by big American private equity.
January 23, 2020

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

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

IDH to start mining lab data

Pan-African lab company Integrated Diagnostic Holdings (IDH) will soon start mining its database of 13m patients through a new subsidiary with the ultimate aim of layering extra services on top.
September 11, 2019

Ex-Abraaj health fund’s greenfield projects finally coming online

The Evercare Health Fund, formerly Abraaj's Growth Markets Health Fund (AGHF) before the PE firm's fall from grace and now managed by TPG, is finally starting to deliver on its big greenfield projects in the most difficult emerging markets, with the Pakistan hospital recently opened and the Lagos, Nigeria, facility expected in Q2 2020. We talk to a source close to Evercare about the Lahore hospital, the whole platform today and the strategy going forward.
August 8, 2019

FREE BLOG Is there a market for innovation in emerging markets?

Synlab Nigeria's chief medical officer told crowds at the launch of a new wellness centre in Lagos that previously "only outdated technologies were dumped in Africa". This might be true, but is there a market for expensive innovation? 
June 20, 2019

The race to genetic testing in Africa

Pan-European lab company Synlab is launching a 'wellness centre' in Nigeria three months after doors opened on a similar facility in Madrid.
June 20, 2019

Can Americans at TPG understand Emerging Market health care?

Private equity giant TPG Capital has signed a definitive agreement to manage now-defunct Abraaj's $1bn healthcare fund. Some investors may want a re-pivot towards greenfield projects in countries like Pakistan and Nigeria, we are told, while existing portfolio and fund staff may be growing frustrated at the Americans' slow decision-making.
May 15, 2019
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