GE Healthcare has agreed to be the anchor investor in the $200m Rx Healthcare Fund, which will back companies that can help improve healthcare in Africa.
GE Healthcare, the health technology division of diversified conglomerate General Electric, has agreed to be the anchor investor in a $200m healthcare-focused fund formed by investment bank EFG Hermes.
Multilateral development finance provider African Development Bank (AfDB) has also committed to being a limited partner in the fund, though neither revealed the size of their commitments.
The fund, Rx Healthcare Fund, has a target size of $200m and will focus on companies that can help meet the demand for high-quality…
