Kenya’s Metro Group buys Evercare’s stake in Nairobi hospitals
ImpactAlpha, November 29 – The Evercare Health Fund, managed by TPG Rise since the liquidation of the troubled Abraaj Group in 2019, has sold its …
Source: Metropolitan Hospital
Tagged with: healthcare
Blue Meridian, Schmidt Futures back ‘career impact bonds’ via Social Finance’s UP Fund
ImpactAlpha, September 28 – Career impact bonds finance vocational training with the kind of income-share agreements offered by an increasing number of universities …
TPG Growth’s Evercare snaps up Bangladesh hospital group STS
ImpactAlpha, February 4 – TPG Growth is acquiring a controlling stake in the hospital operator via its Evercare Health Fund, the $1 billion …
Medikabazaar raises $16 million for India’s medical supply chain
ImpactAlpha, November 19 – Inefficiency and lack of transparency in the medical supply chain are obstacles to affordable and quality healthcare in India. …
Socially Determined raises $7.3 million to shed light on factors influencing health
ImpactAlpha, November 4 – There’s growing recognition that an individual’s health isn’t merely influenced by germs or genes. Issues like financial stability and …
Quadria secures IFC investment for second Asia healthcare fund
ImpactAlpha, August 28 – Five years after closing its first, $300 million healthcare fund, Singapore-based Quadria Capital is looking to raise up to …
Global Health Investment Fund clears a profit on voucher sale to Novo Nordisk
An innovative financing mechanism for drugs for neglected diseases is providing a return for impact investors. Novo Nordisk, the Danish pharmaceutical giant, disclosed …
Africa Healthcare Network secures funding to expand care centers for kidney patients
ImpactAlpha, March 14 – Africa Healthcare Network (AHN) runs a network of low-cost dialysis clinics for kidney patients in Rwanda and Tanzania. It has raised …
HealthJoy secures $12.5 million to help employees navigate benefits
ImpactAlpha, March 12 – The Chicago-based startup has developed an app to help people manage their employer health benefits packages. Its Series B funding round …
After a dozen deals, Global Health Investment Fund has overcome a rocky start
The Global Health Investment Fund is nearly fully invested after leading a $10 million round of financing for a Menlo Park, Calif., company …
Gates Foundation and Horizons Ventures invest in Evolve’s infant probiotic
California-based Evolve BioSystems is making a probiotic nutritional supplement for infants to fight child malnutrition. Evolve’s basis for the product, called Evivo, is research …
Town Hall Ventures seeks a “massive and necessary shift” in health care for low-income Americans
ImpactAlpha, May 21 – Andy Slavitt, who headed the Center for Medicaid and Medicare Services under President Obama, will lead a new health care fund, …
Predible Health raises seed funds to diagnose cancer in India
Cancer claims around 700,000 lives in India each year. The figure is expected to climb to 1.2 million by 2035 owing to changing lifestyles …
Bridges takes majority stake in healthy school-meal provider Innovate Services
Bridges Fund Management has taken a majority stake in healthy school-meal provider Innovate Services. Innovate caters healthy meals to 90,000 primary and secondary …
Apollo Hospitals launches health tech seed fund
Apollo Hospitals, a private Indian hospital chain, is investing $5 million in a seed fund for health and medical tech startups. The company …
Backstage Capital backs Native American-run biotech firm Novoron
Novoron Bioscience was founded by neuroscientist Travis Stiles to develop therapies for central nervous system disorders like multiple sclerosis. The company has been …
Temasek backs low-cost healthcare chain Clinica SIM in Brazil
Singapore’s $275 billion state-owned investment fund made an undisclosed equity investment in Clinica SIM, a chain of low-cost health clinics in northeastern Brazil, …
What we know about Abraaj’s $1B health fund — and the mystery of the firm’s finances
With Dennis Price Editor’s note: ImpactAlpha is continuing to track the fallout from the dispute over the Abraaj Group’s finances. Among the developments since …
ERC Eye Care secures $1 million for affordable care
ERC offers affordable eye care to low-income patients in Northeast India through hospitals in Assam. India faces a shortage of eyecare specialists, making access …
Adobe Capital invests in workforce training and education venture IPETH
IPETH trains low- and middle-income Mexicans to become physical therapists, while offering inexpensive physical therapy services to the poor. To date IPETH has trained …
Diligent Robotics snags $2.1 million for hospital bot
Impact Tech Seed funding came from True Ventures, Pathbreaker Ventures and others PC: kxan.com States face significant shortages of skilled nurses. Austin-based Diligent is building …
Investors put $19.3 million in StartUp Health’s second fund
The New York-based company is providing early funding and a network for healthcare entrepreneurs tackling problems from women’s access to care to mental …
Acumen America places first financial-inclusion investment in EarnUp
San Francisco-based EarnUp provides loan consolidation and repayment support to help Americans living paycheck-to-paycheck manage their debt. It says it has handled $1 billion …
Alphabet spinoff raises $20.8 million to improve healthcare access
Cityblock, formerly part of Alphabet’s Sidewalk Labs, plans to partner with community health organizations to deliver primary care, behavioral health and social services …
By women, for women: The new economics of menstrual pads in Africa
Mpigi, Uganda — Maria Nantubwe cuts through layers of banana leaves. She splits the fleshy material, and beats two-foot long pieces with an improvised bat. …
Palatine Impact backs e-days as part of health and wellness strategy
Tracking absences can help companies understand and support employees who repeatedly miss work. U.K.-based e-days provides software that can log sick days and also …
Nonprofit Finance Fund introduces loan fund for California nonprofits
The $13 million Aim Healthy Fund provides a new source of financing for the state’s community health organizations, including those focused on behavioral …
Beyond Meat takes a hearty helping of growth capital
Investors have a growing appetite for “alternative proteins” as a healthier, more environmentally sustainable food source. The California-based Beyond Meat, known for its plant …
Nepalese business incubator introduces second investment fund
Impact investing is limited in Nepal. The International Finance Corporation, the World Bank and the Dolma Impact Fund, which is active in Nepal’s …
UBS philanthropic arm leads first maternal-health DIB
The UBS Optimus Foundation is backing a $3.5 million development impact bond for Rajasthan, India, that aims to reduce the state’s maternal and …
ElderAid gets angel backing to care for India’s seniors
By 2025, 11% of India’s population will be over the age of 60, up from 7.5% today. ElderAid Wellness provides at-home care for India’s …
U.K. Life Chances Fund approves 10 pay-for-success projects
Minister Rob Wilson launching the Life Chances Fund | PC: Government Outcomes Lab The fund was launched in July to back small-ticket pay-for-success projects …
Telehealth company Avizia acquires Seattle competitor
Reston, Va.-based Avizia develops telemedicine “carts” that enable doctors to conduct video consultations with their patients. The company partners with 35 U.S. health …
ADAP Capital closes deals — quickly — with Neopenda and Good Nature Agro
ADAP, an early-stage impact investor, heard pitches and conducted due diligence on eight startups over the course of the SOCAP conference. Andy Lower …
OPIC commits $2 million to fighting blindness in Cameroon
Blindness afflicts nearly 40 million people worldwide, with more than half of the cases caused by cataracts. The condition can be corrected through …
SOCAP’s best-dressed, fighting blindness, entrepreneurship for all, blockchain exuberance
Greetings, ImpactAlpha readers! #Featured: ImpactAlpha Original How 17 of the best-dressed people at SOCAP would invest $1 million for impact. Who are the …
Beating the killer heat
Mega-storms like Harvey and Maria capture the headlines. But the real killer weather comes from another quarter: Deadly heat waves. According to the U.S. …
Gazing deep into the population crystal ball
Faced with soaring birth rates, Ghada Wali, the Egyptian Minister of Social Solidarity, recently announced a program called “Itnein Kifaya,” or “Two is …
In rural India, more solar, better healthcare
Sustainable Development Goal №3, good health and well-being, say hello to SDG №7, access to energy. A new study suggests that installing rooftop …
Financing resilience, Ford MRI for Detroit housing, six climate-finance innovations, solar for…
Greetings, ImpactAlpha readers! #Featured: ImpactAlpha Original Hurricanes add urgency to climate resiliency investing. We’re only beginning to tally the devastation from hurricanes Harvey, …
Innovative insurance for responding to disease epidemics, wildfires
Earlier this week we tuned you into the Rockefeller Foundation’s quest for 10 “SDG-finance unicorns,” that each can mobilize at least $1 billion …
An Israeli testbed for senior-care startups
A joint venture between Tech for Good and Matav Association will incubate ventures working to improve at-home senior care. Israel’s over-65 population is projected …
Red Cross launches war-zone rehabilitation bond
The International Committee of the Red Cross has created what it’s calling the first humanitarian impact bond, a $27.3 million private placement to …
Convergence and IFC to build blended finance platform for 2030 health and education goals
Convergence and the International Finance Corp. have announce plans to build a blended finance platform for the 2030 health and education goals. The …
Revolution and DBL back BrainScope’s brain injury scanner
Well-Being The Bethesda, Md., company raised $16 million PC: BrainScope The Bethesda, Md., company raised $16 million in equity financing from Nancy Pfund DBL …