A US-based private equity fund that is backed by the Bill & Melinda Gates Foundation and the International Finance Corporation (IFC) is selling its stake in Nairobi’s Metropolitan and Ladnan hospitals in a deal valued at Sh1 billion.
Evercare Health Fund is selling the 54.9 per cent stake in Metropolitan Group Holdings—the holding company that owns the two hospitals— to minority co-owner Metro Group Plc, which currently holds a 41.8 per cent stake in the company.
