, NAIROBI, Kenya, May 27 – Medical services provider AAR Healthcare has received a Sh255 million cash injection from a Swedish public institution to fund its regional expansion.
AAR board chairman Frank Njenga said the partnership with Swedfund, a financial support firm owned by the Swedish government will see them opening a clinic per month in the next one and a half years across East Africa.
AAR currently operates 27 clinics in Kenya (11), Uganda (8) and Tanzania (8) after 29 years of operation in Kenya, 19 in Uganda and Tanzania.
“In the next three weeks we anticipate that we will have another Sh300 million and in the long term we are looking at a total of Sh2.5 billion,” Njenga pointed out.
AAR Healthcare seeks to expand its network of outpatient clinics in East Africa and provide specialist consultation, imaging and diagnostics in its clinics.
“We also plan to enter the inpatient care market either through acquisition of existing facilities or setting up new ones. There are plans to open new clinics on Thika Road and Embakasi in Kenya in the coming months, as well as upgrading existing facilities such as Roysambu. Additional clinics – three in Uganda and three in Tanzania – are also in the pipeline,” the General Manager of AAR Healthcare Mark Achola said.
The expansion is part of a larger plan that began when AAR Healthcare split from AAR Insurance to concentrate entirely on medical service provision.
The split meant that AAR Healthcare would run as a separate entity and operate like any other hospital.
This means that AAR Healthcare could even seek insurance services from providers other than AAR Insurance and all their clinics are open to all members of the public and not just to AAR members.
The company has also invested in a state-of-the-art integrated IT platform to drive operational efficiency and enhance the consumer experience.
Its medium to long-term plans include diversifying to the greater East African region as well as Central and Southern Africa markets such as Malawi, Zambia and Botswana.