Investment allows leading Diagnostics company to grow

Ronald Wantanda, founder and director of Human Diagnostics Ltd, one of Ugandans leading Medical Diagnostics companies, started his company from a vision: to build a legacy. A legacy where all people in Uganda get access to basic medical equipment. Something that seemed like a dream for people in underserved communities in Uganda. But, Ronald started to revolutionize the medical diagnostics sector in Uganda by making basic medical diagnostics supplies available to the upcountry regions of Uganda.

As a medical diagnostics company, Human Diagnostics 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 understood the business and saw the potential of their plan. An injection of money they would not be able to obtain from the normal banking system.

At the end of 2017, Ronald closed an investment with two investment funds that agreed to co-invest in the company. The two investment funds know the sector since they are medically oriented, enabling Human Diagnostics to promptly avail the required medical supplies to numerous health facilities all around the country.

Related Blogs

Posted by Admin | April 3, 2019
Meet the Leader behind this water purification success story!
We recently caught up with Raymond Muhangi, CEO of Purity Industries, one of the amazing SMEs in our portfolio, who shared his experience working with BiD Network. For the last...
Posted by Lory | November 30, 2018
PITCH PERFECT: Getting 11 of our Entrepreneurs closer to an Investment Deal
21st November 2018. The BiD Network team had been preparing for months for this event. Each of us was nervous, and as we rehearsed our scripts that morning, a sense of achievement...
Posted by Lory | November 16, 2018
BiD Network expands operations to Rwanda and participates in USAID Nguriza Nshore Program
‘Lend, so that I can Invest’ is the translation of ‘Nguriza Nshore’ in Kinyarwanda. In this five-year project of USAID, Rwandan businesses will be supported in their growth, with the...

interested? subscribe to our newsletter