The acquisition is led by Evercare Health Fund, the $1 billion healthcare fund TPG Growth took over from Abraaj and manages via its multi-billion dollar, impact-focused Rise Funds.
- The private equity firm is looking to raise up to $500 million to invest in healthcare firms expanding access and filling service gaps across Asia.
An innovative financing mechanism for drugs for neglected diseases is providing a return for impact investors. Novo Nordisk, the Danish pharmaceutical giant, disclosed that it is the buyer of a “priority review voucher” from Medicines Development for Global Health, an Australian nonprofit that won U.S. Food and Drug Administration approval for moxidectin as a treatment
- Africa Healthcare Network runs a network of low-cost dialysis clinics for kidney patients in Rwanda and Tanzania.
- The Chicago-based startup raised the Series B funding from Venture Partners, Epic Ventures, Chicago Ventures and Sidekick Ventures for its app to help people manage their employer health benefits.