Private equity firm sees healthcare opportunity in Liberia

Thursday, January 5, 2017

Last month the London-based private equity firm, TLG Capital, announced that it had invested an undisclosed amount in Snapper Hill Clinic, a Liberian healthcare provider which runs the largest private out-patient facility in the country’s capital Monrovia. The investment will be used to launch two additional clinics in the city and increase capacity to serve over 50,000 patients a year – from 15,000 currently.

TLG, which was launched in 2009 by a former Goldman Sachs executive director, has made investments totalling about US$75m to date in emerging markets – the majority of which are businesses in sub-Saharan Africa catering to the emerging consumer class. It initially invested in Snapper Hill Clinic in 2010 when it acquired a 40% stake.

According to Saad Sheikh, TLG’s senior investment professional, a handful of private clinics cater to Monrovia’s wealthy elite, but the lower- to middle-income grouping remains largely underserviced. In fact, the low penetration of medical personnel and centres is one of the reasons why the country was badly hit during the Ebola outbreak between 2014 and 2016.

Today, even after the Ebola crisis has been restrained, Sheikh says there are less than six quality medical centres in Monrovia.

Source: How We Made It In Africa (link opens in a new window)

Health Care