African Rivers Fund makes follow-on investment in Médecins de Nuit
XSML through its African Rivers Fund, has invested in SOS Médecins de Nuit (MDN), a healthcare clinic based in Kinshasa, DRC.
In 2011, MDN was one of XSML’s first investee companies in DRC and has grown tenfold over the last seven years, having built a new clinic, and adding two more locations, while extending its offering from emergency healthcare to a full-fledged range of services and procedures, including maternity, an operating theatre and intensive care unit and state of the art laboratory and imaging equipment.
The team has expanded significantly to provide healthcare services at international standards to both private clients as well as corporate clients, embassies and NGOs.
Barthout van Slingelandt, Managing Partner at XSML says: “It has been an exciting journey with the team of MDN over the last seven years to bring the clinic to where it is today, combining both financial and technical support from our end with the daily care and medical expertise of the MDN team.”
“The new financing will help consolidate the current platform and help in further growing and improving the quality of healthcare to a larger part of the population, in Kinshasa and beyond. We look forward to continue supporting MDN in the years to come and get the clinic to the next level,” he said.
Serge Holenn, Medical Director of MDN, said: “Together with XSML we have been able to grow our foot print significantly in the last seven years and have grown from a niche emergency healthcare clinic to a provider of healthcare to a wide range of clients across a spectrum of services, delivered by an outstanding team of specialists and nurses. The new financing from ARF helps us in executing our strategic plan by further expanding our footprint, with several new satellite clinics, new imaging equipment and more working capital to manage our growth.”
With the investment in MDN, ARFs capital is almost fully committed.
The African Rivers Fund (ARF) targets growing, well-managed small and medium-sized enterprises (SMEs) in the Central & East African region covering Uganda, Democratic Republic of Congo (DRC) and Republic of Congo. Source: Africa Global Funds