Rx Healthcare Management is establishing the Rx Healthcare Fund (under establishment) with a target size of USD 200mn, with first target closing USD 100mn. The Rx Healthcare strategy will capitalize on the rapidly growing demand for affordable, high-quality healthcare services across the African continent. It aims to build an integrated portfolio of strategic healthcare assets across the North African countries of Egypt, Tunisia, and Morocco with a potential for expansion and replication in the vastly underserved Sub-Saharan healthcare markets, particularly Kenya, Nigeria, and Ethiopia.
The Fund’s General Partner is Rx Healthcare Management Company, a Mauritius-domiciled company majority owned by EFG Hermes in partnership with Dr. Hatem El Gabaly and Dr. Hesham El Kholy. The General Partner will seed up to 2.75% of the total target commitment for the Fund.