Proparco and Ascent Rift Valley Fund II have acquired a majority stake in Diani Beach Hospital to enhance healthcare services for the local community in Kenya's South Coast.

Target Information

The recent investment secured by Proparco and Ascent Rift Valley Fund II marks a significant step in the growth of Diani Beach Hospital Limited (DBH), the foremost healthcare provider along Kenya's South Coast. Established in 1997 as a modest 10-bed facility, DBH has evolved into the largest private healthcare institution in Kwale County, boasting more than 120 beds across four locations. The hospital has set a benchmark in delivering quality and affordable medical services, effectively serving both the local population and international clients through partnerships with various insurance providers and corporate entities.

Over the next five years, this investment is expected to enhance healthcare access for approximately 600,000 inpatients and outpatients in a region that has historically faced healthcare challenges. Additionally, DBH prides itself on being a significant employer within the community, with women representing about 50% of both employment and leadership positions, qualifying it for the 2X Challenge global gender finance initiative.

Industry Overview in Kenya

Kenya's healthcare sector is characterized by a growing demand for health services, driven by a rising population and an increasing prevalence of diseases. While the government has made strides in improving healthcare a