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Avenue Healthcare

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Year established

1976

Location

Nairobi Kenya

Primary Industry

Healthcare

About

Founded in 1976 and based in Nairobi, Kenya, Avenue Healthcare (aka Avenue Group) operates as a medical service provider that operates hospitals and clinics. In April 2023, International Finance Corporation provided USD 12.7 million in debt financing to Avenue Healthcare. As of April 2023, the firm operates a bed capacity of 80 specialists, 14 intensive care beds, 15 neonatal beds, 7 operation theatres, and 5 critical care ambulance units from facilities in Nairobi, Kajiado Thika, Nakuru, Eldoret, and Kisumu. The business provides gynecology, general medicine, dermatology, dental, and physiotherapy consultations as well as in and out-patient services, specialized healthcare, laboratory, radiology, wellness, and pharmaceutical services for a range of medical conditions. Additionally, the business provides patients with home-based care services. The company intends to use the April 2023 funds to improve and open new hospitals and clinics and enhance its healthcare solutions.
Current Investors
The Abraaj Group

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Primary Industry
Healthcare
Sub Industries
Alternative Medicine
Website
www.avenuehealthcare.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only

Deals

Deals Type
Private Debt
Growth
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed Avenue Healthcare 25 Apr 2023
Completed Avenue Healthcare 01 Sep 2011
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