NIGERIA – Flying Doctors Health Investment Company (FDHIC) has changed its name to Healthcare Capital Africa (HealthCap or HC) to depict who they are at their core.
HealthCap believes that the transition will better position them to deliver on their mandate of delivering on investments and impactful infrastructure projects that create a healthier world.
“This step will facilitate our growth and help all stakeholders identify with our business in the marketplace while contributing to clients and partners success within the healthtech, fintech, clean energy and infrastructure ecosystem,” the company said in a press release.
The Flying Doctors Healthcare Investment Company is Africa’s leading healthcare and wellness sector investment firm.
The company invests and operates across the healthcare and wellness value chain; in hospital/clinic construction & refurbishment, diagnostics and equipment, health facility management, pharmaceutical retail, drug manufacturing, air ambulance services & logistics, and consulting/healthcare technology.
The current value of companies in its healthcare and wellness portfolio is nearly US$200 million.
HealthCap launched its catalyst fund earlier this year to assist healthtech and fintech startups in Africa.
Catalyst funds are used to help inclusive tech innovators in emerging markets, particularly micro and small businesses.
According to the International Finance Corporation (IFC), only a few African countries spend between US$34 and US$40 per person per year on healthcare, as recommended by the World Health Organization (WHO).
According to the report, this has resulted in extremely high infant and maternal mortality rates throughout Africa.
Accordingly, the company believes that addressing these issues requires a comprehensive approach that includes private-sector investments to drive financial inclusion.
FDHIC, then, assured prospective investors of its expertise by stating that its founder and management team have deep sector expertise in healthcare and finance gained through years of work and study.
“At FDHIC CF, we will bring to bear our investment analysis and portfolio management experience,” they said in a statement.
The company has investments in companies such as Mdaas Global, Helium Health, Chisco Express, Lifestores Pharmacy, and Sygen.
HealthCap decided to democratize the membership of the catalyst fund in order to deviate from the norm.
Individuals and corporate entities can join the HealthCap’s investors collective in preparation for deal sourcing, evaluation, and eventual investment, according to the company.
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