Timbuktu Chronicles: Investing in Health - Avenue Healthcare ...

Investing in Health - Avenue Healthcare (Kenya) receives a $2.5m investment

In African Capital Markets News:

Aureos Africa Health Fund invested $2.5 million in a Kenyan hospital and health insurance company, the Avenue Group , which offers affordable healthcare cover, integrated with quality healthcare provision. It has a 70-bed full-purpose hospital in Nairobi, 7 clinics through Kenya as well as in-house clinics for corporate clients, a home-based care service for elderly, terminally ill or otherwise dependent patients, rental and sale of wheelchairs and other rehabilitation equipment for home use, and First Aid training schemes. It combines healthcare cover with quality, affordable outpatient and inpatient medical services. The group?s corporate medical schemes are designed to be accessible to businesses with as few as 10 employees and around 70% of the staff covered are in non-managerial roles. With Aureos investment, Avenue Group will expand into other regions in Kenya, building 2 more clinics in smaller towns and expanding existing in-patient facilities in Kisumu and Mombasa. The funding will ensure the group can continue non-profit activities, such as free medical camps across Kenya and public health screening days at Avenue clinics...[continue reading]

Source: http://timbuktuchronicles.blogspot.com/2011/11/investing-in-health-avenue-healthcare.html

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