Companies Bill Gates-backed fund sells Sh1 billion stake in Kenya hospitalsUS business magnate and philanthropist Bill Gates. 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. Based on the foregoing, the Authority approved the proposed acquisition of control of Metropolitan Group Holdings by Metro Group PLC unconditionally,” said the CAK. Its property portfolio includes the Metropolitan Hospital building, Metrovillas Estate and Metro Medical Doctors Plaza. Its Kenyan investments in the healthcare sector were held through its Growth Markets Health Fund, which was taken over by TPC, which renamed it the Evercare Health Fund.

Source: The North Africa Journal November 24, 2022 03:36 UTC