May 9, 2025 (NAIRBOI) – The Transform Health Fund (“The Fund” or “THF”) is calling for Applications from African healthcare companies seeking investment.
The Transform Health Fund, an initiative of Health Finance Coalition and AfricInvest, is a $111 million debt/mezzanine fund, dedicated to creating access to quality, affordable healthcare products and services and building resilience in Africa’s healthcare ecosystem.
By scaling proven innovations and sustainable business models, the Fund aims to address critical healthcare challenges, improve access to affordable and quality healthcare, and ensure essential supplies for middle to low-income populations across the continent.
Opportunity
THF provides customized financing to organizations working on scalable, high-impact solutions in the healthcare sector. With a focus on debt and mezzanine investments, the Fund targets companies delivering measurable social outcomes and long-term financial sustainability. THF invites healthcare companies with presence in the Southern African Development Community (SADC) region to submit applications to apply for investment. The Fund seeks to partner with entities that are implementing solutions to create access to quality, affordable healthcare products and services. Applicants with sustainable and scalable models that align with THF’s objectives are encouraged to apply. The Fund’s investment criteria are as follows:
- Investment Structures – Debt and mezzanine capital
- Ticket size – USD 2M – USD 15M
- Currency – USD-denominated
- Tenor – Up to 7 years, to be determined based on company’s cash flow needs
- Grace Periods – Up to 2 – 3 years, dependent on company’s cash flow needs
- Collateral – flexible, including ringfenced cash flows / contract financing, sponsor share pledge, etc.
THF is able to move quickly and support companies in developing strategy and investment materials. This includes practical support in areas such as strategy development, financial planning, and building networks. It also provides technical assistance to strengthen organizational capacity and support sustainable growth.
Focus Areas
THF is committed to addressing systemic challenges in healthcare through investments. Specific areas of interest within THF’s strategic pillars include, but are not limited to:
- Supply Chain Transformation: Business models in scope include: manufacturers of pharmaceuticals and/or medical devices, distributors of medical products, logistics / transport / cold chain companies that operate in the health sector, health insurance / health financing, etc. This can include models that improve infrastructure, logistics, and distribution systems to strengthen healthcare delivery; enhance last-mile supply chain capacity for underserved regions or implement robust financing models and data-driven approaches to ensure supply chain efficiency.
- Innovative Care Delivery: Business models in scope include: hospitals, clinics, labs, imaging centers, etc. Products and solutions should create access to quality, affordable health service delivery and management models, including primary care, with a focus on scalability, efficiency, and measurable health outcomes. Initiatives should scale proven approaches to delivering healthcare services. Efforts should demonstrate clear improvements in patient outcomes, operational efficiency, and cost-effectiveness in reaching underserved populations.
- Digital Innovation: Business models in scope include telemedicine, HMIS/EMRs, inventory management systems, etc., Companies that leverage digital platforms and innovations to transform healthcare delivery by improving access, scalability, and efficiency. Additionally, companies that offer digital innovations like telemedicine to extend healthcare access to remote and underserved communities, breaking down geographical barriers and reducing the cost of care.
All applications will be reviewed on a rolling basis. Interested healthcare companies can review eligibility requirements and apply for an investment through the Transform Health Fund’s application online portal. For inquiries, contact hfcinfo@healthfinancecoalition.org.
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