Africa Healthcare Network (AHN), which runs the largest chain of kidney care & dialysis centres across East Africa, has closed undisclosed Series A funding from Africa Healthcare Fund/Asia Africa Investment & Consulting (AAIC), an Africa focused healthcare investment firm.
Existing investor and venture capital fund Polaris Partners also took part. Funds raised have not been disclosed.
The investment will help to fund AHN’s growth in Tier I and Tier II cities in Kenya and Tanzania and enter West and Southern Africa.
AHN is the largest provider of dialysis and kidney services across East Africa, based out of Rwanda, Kenya and Tanzania. It currently has eight centres across Rwanda and Tanzania. It has a presence in Kigali, Gisenyi, Dar es Salaam, Mwanza and Arusha with 15 further centres expected by the year end.
“Our plan is to open over 100 dialysis centres over the next five years as we focus on bringing high quality, affordable kidney care to sub-Saharan Africa. Our mission is to increase access to and raise awareness of the disease across the region, including prevention, management and treatment options,” said AHN chief executive Nikhil Pereira-Kamath.
The company operates dialysis units in government hospitals, private and faith-based hospitals as well as stand-alone dialysis centres. 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.
In addition to the equity funding, AHN will be raising additional debt. With the close of this transaction, AHN’s investor base includes Africa Healthcare Fund/ Asia Africa Investment & Consulting, Polaris Partners and Flint Atlantic Capital Partners.