Africa Health Holdings, a healthcare startup managing three different groups of health institutions in Ghana, Nigeria and Kenya has acquired $18 million in a Series A round.
Asia Pacific Land/Natural World Limited led this Series A funding round that also included investors such as TRB Advisors, Valiant Capital, Breyer Capital, amongst others.
Africa Health Holdings, founded in 2017, intends to use this funding to expand its telemedicine service (diagnosis and treatment of patients remotely) from Ghana to Nigeria and Kenya. The healthcare startup aims to grow beyond physical consultations to e-medical sessions via its mobile app MyCareMobile.
Speaking on this plan, Sangu Delle, the chairman and CEO explained, “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.”
Sangu Delle’s goal with Africa Health Holdings is to “address Africa’s disproportionate share of the global disease burden,” and also become the biggest healthcare provider in Africa.
Africa Health Holdings currently serves 200,000 patients yearly who make use of the startup’s telemedicine service.
Furthermore, Delle highlighted that the growth of these virtual consultations is linked to the Covid-19 pandemic as people employ new ways to get healthcare.
Overall, Africa Health Holdings plans to expand its services in Ghana, Nigeria and Kenya then move forward to East, North and Southern 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.
“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,” Sangu Delle narrated.
Africa Health Holdings manages 40 facilities all operated under three groups namely Meridian Health Group in Kenya, Care Point Hospitals in Nigeria and Rabito Clinic in Ghana.