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AAR wins new capital as it eyes listing on NSE

AAR chairman Frank Njenga (left ) with Investment Fund For Health Africa MD Max Coppoolse yesterday. AAR is considering forming a subsidiary to take up its insurance and fund management units. File

Healthcare provider AAR Holdings is to restructure its operations following the entry of an investor in the business as the firm eyes a listing at the Nairobi Stock Exchange in five years.

The private company announced Wednesday that Netherlands-based private equity fund Investment Fund for Health in Africa (IFHA) had bought a 20 per cent stake in the company for Sh750 million. Group chief executive Jagi Gakunju said the company planned to cut down on its operations and focus on its core business of providing medical services.

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