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Avenue Group Limited, a leading healthcare provider in Kenya and an Evercare Group company, has secured a US$12.7 million loan from the International Finance Corporation (IFC) to expand its healthcare offering and increase its patient reach over the next five years
Avenue Group Limited, a leading healthcare provider in Kenya and an Evercare Group company, has secured a US$12.7 million loan from the International Finance Corporation (IFC) to expand its healthcare offering and increase its patient reach over the next five years.
The investment will enable Avenue to upgrade its existing hospitals and clinics and launch new healthcare facilities to grow its primary, secondary, and tertiary offerings.
Founded in 1976, the group currently operates three hospitals and 13 clinics, with additional homecare and telehealth services, serving over 430,000 patients annually. Over the last three years, Avenue has upgraded its facilities, strengthened its management team, and expanded its operations while playing a critical role in the country’s response to the COVID-19 pandemic.
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The investment from IFC, will support Avenue’s expansion strategy, which includes investing in radiology and state-of-the-art operating theatre equipment, increasing the range of specialist services, launching new clinics, and further integrating digital health services. The investment will also enable the group to expand its patient reach and improve the country’s healthcare system, reflecting IFC’s strategy to support private healthcare providers in Africa.
