AfricInvest's Transform Health Fund has invested USD 8.5 million in Promamec to strengthen access to medical equipment in Morocco, enhancing the country's healthcare system.
Target Information
AfricInvest's Transform Health Fund (THF) has announced a significant investment of USD 8.5 million in Promamec, a prominent supplier of medical equipment and consumables in Morocco. Established in the 1980s, Promamec plays a vital role in enhancing the country's healthcare system by providing a comprehensive model that integrates distribution, local production, along with robust technical and training services.
This substantial funding will not only bolster Promamec’s working capital but also enhance the availability and effective utilization of essential medical equipment throughout Morocco. Moreover, it aims to contribute to the ongoing modernization and strengthening of the healthcare infrastructure in the country, aligning with THF's commitment to impactful investments.
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Industry Overview in Morocco
The healthcare sector in Morocco is undergoing significant transformations, driven by increased demand for quality medical services and the government's commitment to improving healthcare access. Over the past few years, there has been a
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AfricInvest's Transform Health Fund
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Disclosed details
Transaction Size: $9M