Dr Samuel Maina Thenya, the founder and group CEO of Nairobi Women’s Hospital, has acquire Evercare Health Fund majority shareholding in Nairobi Women’s Hospital, giving him absolute control. The acquisition, through a process initiated over two months ago, has been granted regulatory approval by the Competition Authority of Kenya.
The closing of the acquisition is expected to take place within the third quarter of 2023, though the financial details of the transaction have not been disclosed. Upon close, this move enables Dr Thenya to further increase his current shareholding and assume full ownership of the NWH Group after a successful period of growth and partnership with Evercare.
Evercare is wholly owned by the Evercare Health Fund, a $ 1 billion (Ksh135 billion) emerging markets healthcare fund managed by The Rise Fund, the impact investment platform. Evercare Group operates as an integrated healthcare delivery platform in emerging markets across Africa and South Asia, including India, Pakistan, Bangladesh, Kenya and Nigeria. Its portfolio includes 30 hospitals, 16 clinics and 82 diagnostics centres.
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Throughout Evercare Health Fund’s investment in Nairobi Women’s Hospital, it worked with Dr Thenya to drive operational improvements, increase breadth and quality of care, enhance patient relations, and drove cost-competitive and transparent pricing across NWH.
“Since I began my partnership with Evercare, the hospital has continued to grow, improve, and serve as a trusted partner in the Kenyan healthcare ecosystem,” says Dr Sam Thenya, who founded the Nairobi Women’s Hospital in 2001. ” As a community-centric provider, it is critical for NWH’s success to have continuity in the hospital’s new ownership.
Dr Thenya said he is deeply passionate about Nairobi Women’s Hospital’s mission to treat patients and committed to its growth. “I am grateful for Evercare’s support over the years,” he said, “I believe we are on a strong trajectory, and I look forward to continuing that momentum into the future.”
The Nairobi Women’s Hospital is a 726-bed hospital Group serving over 365,000 outpatients and 120,000 inpatient customers annually. For more than 22 years, the hospital has provided high-quality, accessible care to all patients of all ages and genders across Kenya.
NWH’s provides a broad and growing set of services, particularly in communities that have limited options for critical care. The Group also comprises NWH College, which has over 1,000 students, and the Gender Violence Recovery Centre that provides free services to survivors of gender-based violence.
NWH represents one of Evercare’s most mature healthcare assets in Kenya. Throughout Evercare’s investment, the Group increased the scope of services offered, implemented processes and procedures to protect patients’ rights, increased training and retention of doctors, nurses, and visiting consultants within the Kenyan market.
Besides, it strengthened NWH’s role as a trusted provider of free medical services to survivors of gender-based violence. Evercare Health Fund says it remains committed to the Kenyan market.
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Evercare has invested in a number of healthcare operations in Kenya including Avenue Healthcare Metropolitan Hospital and Ladnan Hospital. Avenue Healthcare general and specialist inpatient, outpatient and home service care across three hospitals, with a total of 300 bed and 15 clinics in Kenya, while Metropolitan group comprises two hospitals with 150+ beds that offer inpatient and outpatient healthcare services in Nairobi.
The private healthcare system in Kenya provides 52% of all healthcare services and will continue to play a bigger role in future. Providing medical services in traditionally underserved communities helps alleviate the burden on local healthcare systems through preventative care. Channelling private sector funding towards the healthcare sector is key to filling in gaps, especially among traditionally underserved communities.
Under Dr Thenya’s ownership, NWH expects to bring in additional investors to drive further growth and development of the Hospital network and its Gender Violence Recovery Centres.
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