NAKURU – Ascent Rift Valley Fund II LP, a leading East African private equity firm is pleased to announce the acquisition of a significant equity stake of Valley Hospital Limited (“Valley Hospital”) located in Nakuru Town in Nakuru County, Kenya.
Founded in 1996, Valley Hospital was one of the first private for-profit hospitals in Nakuru Town and a pioneer in offering quality and affordable medical services to the residents of Nakuru. With 75 beds and accredited by all players in the insurance industry, Valley Hospital is one of the main hospitals in Nakuru County.
The Managing Director and co-founder of Valley Hospital, Mrs. Lydia Obwanga commented “The partnership with Ascent is a first in Nakuru County and will build upon our foundation in striving to offer quality healthcare to residents of Nakuru.”
Mr. David Owino, Managing Partner of Ascent Capital Advisory Services LLP commented, “We are very excited about the fund’s investment into Valley Hospital. It is a hospital with enormous potential, and we look forward to serving the residents of Nakuru County by offering high quality affordable healthcare as well as working with the medical community and other stakeholders. Together with our strategic and operating partner, Rubik Health Africa LLP, we seek to positively impact the lives of the people of Nakuru County.
Mr. David Owino Continued: “With the acquisition of Valley Hospital, Ascent makes its entry into the healthcare services industry in Kenya and is positioning itself to be a leading investor in hospitals in East Africa. “
About Valley Hospital
Founded in 1994, Valley Hospital provides primary and secondary care treatment to patients and is located in Nakuru Town, Nakuru County. For more information visit. https://valleyhospital.co.ke
About Ascent Rift Valley Fund II LP
Ascent Rift Valley Fund II LP (ARVF II LP) is a USD 114 million private equity fund whose focus is to invest in Kenya, Uganda & Ethiopia targeting small and medium sized companies (SME’s). ARVF II LP seeks to invest in scalable fast-growing enterprises with investments amounts ranging between USD 4 million to USD 15 million per Investee Company.
Ascent Capital Management Africa II Ltd is the exclusive investment adviser to the Ascent Rift Valley Fund II LP. Through its associated advisory firms Ascent Capital is represented in Kenya, Uganda and Ethiopia. Ascent Capital Advisory Services LLP is the Kenyan firm advising Ascent Capital.
For more information visit https://ascent-africa.com/
About Rubik Health Africa
Rubik Health Africa is an Africa focused healthcare services value creation firm. Rubik focuses on streamlining hospital operations, translating synergies and efficiencies to deliver quality healthcare and community impact.
For more information visit https://www.rubikhealthafrica.com/
