Invenfin acquires stake in healthcare group
Invenfin announces investment into National HealthCare Group
Invenfin, the venture capital arm of Remgro Limited, has bought a meaningful minority stake into National HealthCare Group. Founded in 2017, National HealthCare Group has delivered primary healthcare solutions to the low-cost segment of the healthcare market.
Commenting on the announcement, Stuart Gast, Invenfin’s CEO, said the company is very pleased to have closed this investment into National HealthCare during lockdown. “The company fits our focus of investing in strong teams and building businesses with very big plans. South Africa is facing many social challenges, so we are excited to be partnering with National HealthCare in directly addressing a critical one – making primary healthcare more accessible to all employees, especially in the aftermath of this pandemic.”
Jannie Durand, chief executive officer of Remgro, stated that the investment enables National HealthCare Group to make a tangible difference in the primary healthcare sector, while further fulfilling the need for access to healthcare for more South Africans. The group has evolved in its business model, having matured from a primary care management model to a more sophisticated full risk transfer model.
National HealthCare is also backed by leading businessman Dr Patrice Motsepe’s African Rainbow Capital (ARC). Said Motsepe, “ARC has always viewed its investment in National HealthCare Group as one of the best examples of combining technology, healthcare expertise and constructive co-operation to deliver affordable quality healthcare to all South Africans.”
He added that broadening and increasing access to healthcare for all South Africans is essential not only for their health and wellbeing, but also for the development and growth of our economy. “I believe that our investment in National HealthCare Group provides us with such an option and that is why we have invested in the company. We are delighted that the Remgro Group has joined us on this journey,” Motsepe said.
Dr Reinder Nauta, Chairman of National HealthCare Group, said:
“The fact that both ARC and Invenfin have thrown their weight behind the National HealthCare Group and our planned future healthcare initiatives, speaks volumes about their commitment to the country and its people.”