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Aureos’ Africa Health Fund invests in Togolese private hospital

Aureos Capital, a small and mid-cap private equity fund manager, has made an investment in Clinique Biasa, a private hospital and clinic providing medical services in Togo, West Africa.

The investment has been made by the Africa Health Fund, which is managed by Aureos Capital.

The fund’s objective is to enable low income Africans access to affordable, high quality health services while providing investors with strong long-term financial returns.
 
Aureos’ USD1.7m investment will enable Clinique Biasa to complete the financing of its modernisation and expansion plan which will cost approximately USD5m. This will in turn increase the range of treatments and services offered to patients in Togo, while more than trebling the hospital’s bed capacity.
 
Clinique Biasa was founded in 1975 and is located in Togo’s capital, Lomé. It currently offers more than 15 speciality services ranging from general medicine, paediatrics and neurology to anaesthesiology and physical therapy to residents of Togo and its neighbouring countries. The hospital is one of Lomé’s top three private health facilities and makes a significant contribution to quality health provision in a country which has less than one hospital bed per 1,000 people. This compares to a global average of three hospital beds per 1,000 people.
 
Aureos raised a total of USD105m for the Africa Health Fund, attracting cornerstone investors including the Bill & Melinda Gates Foundation, International Finance Corporation, African Development Bank and DEG, as well as a range of private sector investors.
 
Kodjo Aziagbe, partner of Aureos Francophone West Africa, says: “We are delighted to be supporting the expansion of the Clinique Biasa, one of the leading healthcare providers in Togo. As with all investments made by the Africa Health Fund, we are utilising our skills and experience as private equity investors to help build a high quality African healthcare company.”
 
Dr. Moise Fiadjoe, managing director of the Clinique Biasa, says: “Through their diverse investments in the healthcare sector, Aureos have demonstrated a unique understanding of the challenges and opportunities facing healthcare businesses in Africa.  I look forward to working with them to grow the clinic as both a business and as a key contributor to the healthcare landscape of Togo.”

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