In brief
Humania is an established special-purpose vehicle to finance the development of high-quality multispecialty hospitals and healthcare assets in North Africa and Pakistan. Bait Al Batterjee Medical Co will establish Humania and initially focus on four projects in Egypt and Morocco. All assets will be operated under the Saudi German Hospital banner.
Main development impact
The investment will positively impact the provision of quality healthcare in Egypt and Morocco, demonstrate international management and clinical care standards, and provide attractive employment opportunities to local health sector staff, many of whom might otherwise leave the country. The investment could have a wider impact on the private healthcare sector by introducing and expanding a business model where doctors are employed and not paid through revenue shares.Investment details
| Name: | Humania |
|---|---|
| Project number: | 80000076 |
| Region: | Africa |
| Country: | Africa |
| Sector: | Other sector |
| Signing date (month/year): | December 2019 |
| Currency: | USD |
| Finnfund's financing (commitment): | 18,750,000 |
| Instrument: | Loan |
| Size of the project financing: | USD 360,000,000 |
| Share of Finnfund's financing (%): | 5,20 % |
| Status: | Active |
| Website: | https://www.humaniacap.com/ |
Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.
