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Flying Doctors plans to raise & invest $1b in Africa.
The investment arm of the Nigerian healthcare company Flying Doctors is set to raise US$1 billion. This was disclosed by the CEO Dr. Ola Brown in an interview. The investment arm of the company according to the CEO has been in existence for two year now and is set to take off.
According to Dr Brown, the funds would be raised in 3 trenches within a period of four years, "We are raising in three tranches within four years'. The first US$200 million to be raised by end of Q1 2021 and "then US$300 million and US$500 million."
Lagos-based Flying Doctors Healthcare Investment Company already boast a handful of healthcare technology companies in its portfolio that are worth approximately US$200 million. These healthtech companies include MDaas Global, LifeStore Pharmacy and Helium Health and operate in diagnostics, pharmaceuticals and telemedicine.
The fresh funds according to Dr Brown would be used to expand to the rest of Africa "We have been investing in Nigeria, we wanted to start investing across Africa and that's the purpose of opening up to external investors and to now invest in more companies," she said.
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