PROJECT

Projects

Summary of Investment Information

Project Number

35077

Company Name

ISO HEALTHCARE LIMITED

Date SPI Disclosed

Jul 28, 2015

Country

Kenya

Region

Africa

Projected Board Date

Aug 31, 2015

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Sep 26, 2024

Department

Regional Industry - MAS Africa

Industry

Health, Education and Life Sciences

Previous Events

Approved : Oct 27, 2015
Signed : May 23, 2016
Invested : Aug 10, 2016

Sector

Hospitals and Clinics

Project Description

The Project is a greenfield 130 bed multispecialty hospital located in Nairobi, Kenya with a primary focus of providing affordable cardiac care. In addition, it will also offer specialty services such as nephrology, cancer and general surgery and intensive care. The Project will be implemented by Iso Health Limited (“Iso Health” or “the hospital”), a company incorporated in 2015 under the laws of Kenya.

In light of the paucity of tertiary cardiac healthcare services in the market, the project was conceived by a leading Kenyan doctor in conjunction with the Abraaj Group and the IFC. More importantly, the hospital will use systems and processes perfected by its strategic operating partner – a hospital group with significant experience in operating and managing 5000 plus beds in India– to reduce the cost of specialized care in East Africa and will also use an innovative cross subsidy model aligned to volume so it can provide its services to all income segments.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation