At the end of 2017, the director of one of Ugandans leading medical diagnostics companies closed an investment deal with two investment funds that agreed to co-invest in the company.
The company deals in the supply of medical laboratory diagnostic equipment, vital for the detection of critical illnesses. They supply to major healthcare facilities, institutions, hospitals and clinics across the country.
The company has been steadily growing over the years and searched an investment to facilitate the importation of additional equipment and meet their working capital needs. Therefore, they needed an investment from investors that 1) understood the business and 2) saw the potential of their plan. An injection of money they would not be able to obtain from the normal banking system.
The two investment funds the company will be working with know the sector since they are medically oriented, enabling the company to promptly avail the required medical supplies to numerous health facilities all around the country.