AfyA Care is a healthcare group providing integrated healthcare services including hospital care, health insurance and health technology services in Nigeria. The investment reflects CCA’s strategy of backing high-potential growth businesses with the ability to positively impact communities, and to deliver sustained attractive returns to investors.
The healthcare market in Nigeria is grossly underserved with a patient to bed ratio of 2,000:1 compared to peer average of 1,000:1, and a low health insurance penetration below five per cent, according to an EY report.
AfyA Care is positioned to exploit these market opportunities by first consolidating the Lagos market and then expanding to key cities in Nigeria and West Africa over the next five years. The company will use the funding to improve its experienced talent bench, grow its hospital brands, scale its Health Maintenance Organisation (HMO) and proprietary health tech solutions to transform healthcare delivery in Nigeria and beyond.
