November 2019 BusinessDaily; LeapFrog Investments is injecting $3 million (Sh309 million) into Goodlife Pharmacy to expand outlets of the regional beauty and drugstore firm. The private equity firm, which has a controlling stake in Goodlife wants the money used in opening new branches beyond the current 52 locations in Kenya …
Read More »KENYA:Equity to roll out its clinics in all counties by 2023
July 2018 BusinessDaily; Equity Group Holding is set to open clinics outside Nairobi and Thika as the lender seeks a presence in all 47 counties over the next five years. James Mwangi, the CEO of Equity Bank says that the lender intends to open one health centre dubbed ‘Equity Afia’ in …
Read More »KENYA:Kenyan health sector firms make deals worth billions
December 2017 BusinessDaily; Kenyan companies in the health sector have this year made a number of deals worth billions of shillings, but some of the deals are expected to be concluded in the New Year. Below are some of the deals. MP Shah Hospital and HCG sign cancer care deal MP …
Read More »KENYA: Wambora to transform Embu Hospital to a parastatal
September 2017 Dailynation; Embu Governor Martin Wambora has kicked off a process to transform the Embu Level Five Hospital into a parastatal in the next three months, in a bid to enhance service delivery. The governor said the hospital, which is equipped to serve as a teaching and referral institution, …
Read More »KENYA: MP Shah Hospital setting up specialised treatment centre
September 2017 Businessdaily; MP Shah Hospital is building a hub for specialised treatment in Nairobi, joining Kenya’s top class medical facilities which are seeking to lock in millions of shillings that African patients spend on healthcare abroad. The centre will be build at Village Market at a cost of over …
Read More »KENYA: Watchdog approves PE Abraaj acquisition of Avenue Group hospital chain
September 2017 Businessdaily; The Competition Authority of Kenya (CAK) has approved acquisition of 56.2 per cent stake in Kenyan hospital chain Avenue Group by Dubai-based private equity (PE) firm Abraaj Group. CAK in a gazette notice Friday, gave the go-ahead for the transaction indicating Abraaj Group’s stake in Avenue will …
Read More »KENYA: World Bank private lender to fund Goodlife Pharmacy growth
September 2017 Businessdaily; The International Finance Corporation (IFC) is providing a $3 million (Sh309.8 million) loan to fund the expansion of Goodlife Pharmacy in Kenya and Uganda. In a notice, the institution says the loan was part of the funding needed for the pharmacy to grow its footprint from the …
Read More »KENYA: Nakuru Level 5 Hospital set for Sh330m upgrade
July 2017 Businessdaily; Nakuru Level Five Hospital has embarked on a major facelift in response to the increased number of patients seeking services at the facility. The hospital serves more than five counties in the South Rift region. The Sh330 million project will entail expansion of the maternity wing and …
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