IT'S EXPANDING

RFH Healthcare bags multi-million funding deal

Started in one-bedroom apartment in 2011, RFH Healthcare likely to become Nairobi's biggest home-grown hospital chain

In Summary

•RFH Healthcare serves at least 100,000 patients per annum – ranging from premium clients to those who rely only on the National Hospital Insurance Fund.

•RFH Healthcare is the only level five hospital in Eastlands.

RFH Healthcare has recently opened ultra-modern health facilities in Ruaka and Ruiru towns in Kiambu County.
MODERN: RFH Healthcare has recently opened ultra-modern health facilities in Ruaka and Ruiru towns in Kiambu County.

One of Nairobi’s biggest level five hospitals is expanding after inking a multi-million deal with a Tunisia-based investment firm.

RFH Healthcare, the only level five hospital in Eastlands, will put up more branches in Nairobi in what might make it the largest hospital chain in the city.

The hospital currently has eight branches within Nairobi, Kiambu, and Machakos counties.

It is a rare success story in Kenya’s healthcare field. It was founded from a one-bedroom apartment in Ruai in 2011 by then post-graduate student Dr Maxwell Okoth.

It later renamed to Ruai Family Hospital before upgrading to RFH Healthcare with services ranging from primary outpatient to highly-specialised and critical care services.

Dr Okoth and  AfricInvest, a leading pan-African asset management platform, announced the financing deal through a press statement.

“We are glad to welcome an experienced and like-minded investor such as AfricInvest. RFH Healthcare is on an expansion phase that will see us set a lasting footprint on Universal Healthcare that is part of Kenya’s Big Four Agenda,” Dr Okoth said.

AfricInvest said RFH will use the financing to expand its reach to other locations and solidify its working capital position.

“We are glad to participate in the continuous success of RFH, which offers affordable quality healthcare services with a great impact in Kenya,” said Samia Tnani, head of credit and origination at APC Private Credit.

RFH Healthcare serves at least 100,000 patients per annum – ranging from premium clients to those who rely only on the National Hospital Insurance Fund.

It especially known for its maternity programme which offers high quality services to under-served communities at low cost.

It has since expanded to offer surgical clinics, renal, home-based care, critical care, imaging, and specialised care among others.

Dr Maxwell Okoth founded the Ruai Family Hospital in 2011 as an outpatient clinic in a one-bedroom apartment. The hospital is now called RFH Healthcare.
Dr Maxwell Okoth founded the Ruai Family Hospital in 2011 as an outpatient clinic in a one-bedroom apartment. The hospital is now called RFH Healthcare.
Image: File

AfricInvest was founded in 1994 and is part of Integra Group, an investment and financial services company based in Tunisia.

The value of the Kenyan deal was not make public.

However, AfricInvest is well-funded and has so far raised Sh213 billion (USD 1.9bn) across 21 funds and benefits from both local and international investors, including leading development finance institutions in the United States and Europe.

The RFH transaction was brought to APC by Asoko Insight's digital engagement platform, which connects companies across Africa with growth-enabling partners.

Rob Withagen, Asoko's co-founder and CEO said: "We're pleased to have acted as the

conduit for this deal between APC and RFH, helping to get capital to Kenya's health sector at

this crucial moment more quickly and efficiently through our digital engagement platform and the team of analysts working behind the scenes to facilitate deal-making."