CarePoint, a technology healthcare has raised funds to enhance growth in Africa, for an affordable healthcare services.
It recently entered Egypt, its fourth market in Africa after establishing its presence in Kenya, Nigeria and Ghana. According to the firm, it intends to spread across the North and East Africa, and to drive growth by mergers and acquisitions.
The founder and CEO, Dr Sangu Delle, told TechCrunch that they are setting up telemedicine canters in their facilities a “Micro-tech enabled Clinic” focusing on the masses. The micro clinics will employ at least 12 employees, including a nurse. This project is to assist people who can’t afford mobile Data,” said Delle.
The clinics will help give quality healthcare and also will be closer and open to everyone, with an affordable fees for all. With this, patients will be able to access care through CarePoint’s Mycare mobile app, which will link them to various services through teleconferencing, which includes consultations with their doctors, test results and emergencies.
The Micro clinics is backed by five brands which are Sahe in Egypt, Meridian Health group in Kenya, Rabito Clinic in Ghana and Nigeria’s CarePoint, and Lilys Hospitals, all operating a total of 65 facilities.
Delle founded CarePoint as an investor and CEO at Golden palm investments, a firm with interest in Africa, where he serves as a chairman. He is a World Economic Forum Young Global leader, and a Harvard and Oxford graduate.
CarePoint started at Golden palm with investment in leading tech startup, including Flutterwave and Mpharma. To have a socio – economic transformation, we have to solve health care challenges, so hence the lookout at healthcare issues according to Dr Sangu Delle.
Delle sought for urgent action to be taken in the investment in healthcare sector, given the continents population is almost increasing and in the next three decades, we can use technology to improve the quality of healthcare, said Delle. CarePoint will use part of its funding to build data science to strengthen its technology resources and also introducing new products. The funding was led by TRB Advisors and brings the total funding raised by CarePoint to $30 million. It follows a $18million series a round announced mid – November last year.
New investors that took part in the bridge include Delle, Breyer Capital, beyond Capital ventures (BVC), M3, inc, Asia Pacific Land/ Natural world Limited, and Alan Waxman, who is Sixth Street partners CEO.
“CarePoint is at the forefront of developing solutions in healthcare facilities, with a strong technological backbone and patient-centered care, as evidenced by the first Africa-focused healthcare data repository.”
BVC also invested in Kasha Global, a Femtech retailer in East Africa and Viebeg, a Healthtech company that deals in medical supplies in Eastern and Central Africa.
CarePoints will work with Dr. Sangu Delle to scale an emerging technology-driven healthcare system in Africa CarePoint is making a shift to transform Africa into the next frontier for health care and transform health outcomes; said Yazhari.
There’s been growth in health tech globally over the past few years. This event has accelerated the use of telemedicine, virtual care and drug delivery, this helps investors to show interest in the healthcare sector.
Health tech in Africa should reach a market value of over US $11billion by 2025, and Reliance Health is looking to play a major role in the continent reaching the capitalization in Nigeria healthcare accessibility that is not available but with the new access and affordable healthcare sector, it will enhance the access of healthcare to the less privileged citizens. So long as the fees are comfortable and affordable. It is essential to guide the citizens on the best interns of care and how to access the healthcare data.
There is a need for healthcare to expand into a new market and hope to reduce costs while still improving care as the population increases. Health care institutions work together to provide patient satisfaction and a better quality of care which sometimes comes at a large cost. Furthermore, health care is constantly being innovated as in the case of Ebola and Covid19, where there was a rapid shift and quick responses to the pandemic.