The health-tech segment of startups is constantly changing and is fast becoming the next stop for investors to make their investments. Like every other sector when they first came into the limelight, investors seek to leverage the available opportunities that lie within the health-tech sector.
Africa Health Holdings, a healthcare startup that is revamping the healthcare sector has secured $18 million in its Series A funding round. The health-tech runs several hospitals across Nigeria, Ghana and Kenya and plans to use the funds to scale its operations. It operates three brands across the three different countries where it is operational; Care Point Hospitals in Nigeria, Rabito Clinic in Ghana and the Meridian Health Group in Kenya. It also operates pharmacies and laboratories across these three countries.
Nigeria’s Care Point Hospitals has two hospitals and a clinic under it, Ghana’s Rabito Clinic has 21 dermatology and general medicine facilities and the Meridian Health Group in Kenya has 16 hospitals and a drug and alcohol recovery centre under it.
The fund will be used majorly to fuel its plans of taking its telemedicine and technology-based services beyond Nigeria, Ghana and Kenya where it is currently operational. The health-tech also plans of shifting to electronic follow-ups via its mobile app, allowing for endless possibilities. According to the health-tech’s CEO and Chairman, Sangu Delle, “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”.
The Series A funding round was led by Asia Pacific Land and saw the participation of TRB Advisors, m3, Valiant Capital, Breyer Capital, SUNU Capital and Kepple Ventures.
Africa Health Holdings operates a mobile app called MyCareMobile. Through this app, users can get access to quite an infinite range of services through teleconferencing consultations with doctors. They also get round-the-clock responses, test results, etc., via the app.
Telemedicine is one of the sectors that investors need to be looking into for investments. The coronavirus pandemic proved how important the use of technology is. According to its founder Sangu Delle, Africa Health Holdings was birthed to address “Africa’s disproportionate share of the global disease burden”. The coronavirus pandemic, for example, saw an increase in the demand for virtual consultations. While people were fighting the virus, there was a need to see doctors for either day-to-day sicknesses or emergencies. This is where a service such as Africa Health Holdings’ come in.
The company claims to attend to at least 200,000 patients every year through its telemedicine platform. The plan for the firm now is to explore and leverage every available opportunity with the Eastern, Northern and Southern African markets, and to become the largest healthcare provider in the continent of Africa. “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”, the company’s founder Sangu Delle said.
He also added that with the company’s telemedicine platform, “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”.