For Immediate Release
Nairobi Women’s Hospital Founder to Acquire Majority Shareholding from Evercare Group
Nairobi, Kenya 25th July 2023 – Dr. Samuel Maina Thenya, the Founder and Group Chief Executive Officer of Nairobi Women’s Hospital (“NWH”), has signed definitive documentation to acquire the Evercare Health Fund’s majority shareholding of Nairobi Women’s Hospital. The acquisition, through a process initiated over two months ago, has been granted regulatory approval by the Competition Authority of Kenya. The closing of the acquisition is expected to take place within the third quarter of 2023. Upon close, this move enables Dr. Thenya to further increase his current shareholding and assume full ownership of the NWH Group after a successful period of growth and partnership with Evercare.
Throughout Evercare’s investment period, Dr. Thenya and Evercare worked together on driving operational improvements, increased breadth and quality of care, enhanced patient relations, and drove cost-competitive and transparent pricing across NWH.
Dr. Sam Thenya, Founder of Nairobi Women’s Hospital commented, “Since I began my partnership with Evercare, the hospital has continued to grow, improve, and serve as a trusted partner in the Kenyan healthcare ecosystem. As a community-centric provider, it is critical for NWH’s success to have continuity in the hospital’s new ownership. I remain deeply passionate about our mission to treat our patients and am as committed as ever to Nairobi Women’s Hospital’s continued success. I am grateful for Evercare’s support over the years – I believe we are on a strong trajectory, and I look forward to continuing that momentum into the future.”
The Nairobi Women’s Hospital is a 726-bed hospital Group serving over 365,000 outpatients and 120,000 inpatient customers annually. For more than 22 years, the hospital has provided high-quality, accessible care to all patients of all ages and genders across Kenya. NWH’s healthcare accessibility mission is characterized by providing a broad and growing set of services at cost-competitive prices, particularly in communities that have limited options for critical care. The Group also comprises NWH College, which has over 1000 students, and the Gender Violence Recovery Centre that provides free services to survivors of Gender Based Violence.
NWH represents one of Evercare’s most mature healthcare assets in Kenya. Throughout Evercare’s investment, the Group increased the scope of services offered across NWH, implemented processes and procedures to protect patients’ rights, increased training and retention of doctors, nurses, and visiting consultants within the Kenyan market, and strengthened NWH’s role as a trusted provider of free medical services to survivors of gender-based violence. Following this transaction, Evercare remains committed to the Kenyan market.
The private healthcare sector in Kenya is a prominent contributor to healthcare outcomes in the country. The private healthcare system in Kenya provides 52% of all healthcare services and will continue to play a bigger role in the future. Providing medical services in traditionally underserved communities helps alleviate the burden on local healthcare systems through preventative care. Channelling private sector funding toward the healthcare sector is therefore key to filling in gaps, especially among traditionally underserved communities.
Under Dr. Thenya’s ownership, NWH expects to bring in additional investors to drive further growth and development of the Hospital network and its Gender Violence Recovery Centres.
ENDS
About Nairobi Women’s Hospital
The Nairobi Women’s Hospital is a 726-bed hospital Group serving over 300,000 outpatients and 120,000 inpatient customers annually. For more than 17 years, the hospital has grown to be a leader in healthcare in Kenya providing comprehensive, high-quality, and accessible care to customers of all genders and ages.
The Nairobi Women’s Hospital has proudly grown its network to nine (9) conveniently located hospitals namely Hurlingham, Adams, Ongata-Rongai, Kitengela, Nakuru Hyrax, Nakuru CBD, Naivasha, Meru & Mombasa.
Our 24-hour hospitals are home to over 1,300 highly qualified, experienced, and dedicated staff members, who are the drivers of the hospital’s success and are committed to the overall objective of achieving a high degree of patient satisfaction.
About The Evercare Group
The Evercare Group believes access to healthcare is a fundamental right and invests in emerging markets to bring private, quality-driven healthcare to meet the needs of local people.
Evercare has responded to a global challenge to ensure well-being at all ages is provided to those living in emerging markets as a pillar to support sustainable economic development. With this, the Group is leading the way in transforming the traditional healthcare model through its integrated cross-continents platform, its impact-driven model, and quality-driven hospitals.
The Evercare Group operates as an integrated healthcare delivery platform in emerging markets across Africa and South Asia, including India, Pakistan, Bangladesh, Kenya, and Nigeria.
Evercare is wholly owned by the Evercare Health Fund, a US $1bn emerging markets healthcare fund managed by TPG and backed by its global impact investing platform TPG Rise. The Evercare Health Fund is comprised of the world’s leading impact investors and global development finance institutions.