Ascent Capital Acquires Majority Stake in Valley Hospital
Ascent Capital- a private equity fund, has acquired a significant equity stake in Valley Hospital Limited, located in Nakuru-Kenya.
David Owino, Managing Partner of Ascent Capital Advisory Services said, “We are very excited about the fund’s investment into Valley Hospital. It is a hospital with enormous potential, and we look forward to serving the residents of Nakuru County by offering high-quality affordable healthcare as well as working with the medical community and other stakeholders. Together with our strategic and operating partner, Rubik Health Africa, we seek to positively impact the lives of the people of Nakuru County. ‘’ he explained.
The Chairman and co-founder of Valley Hospital, Dr. Moses Okech said, “The partnership with Ascent is a first in Nakuru County and will build upon our foundation in striving to offer quality healthcare to residents of Nakuru and beyond”.
CEO and co-founder of Valley Hospital, Mrs. Lydia Obwanga said, “The investment by Ascent is expected to catalyze the growth and drive significant value in the inpatient and outpatient services and ancillary services such as the pharmacy, medical laboratory, theatre, etc. and seek to be an internationally accredited hospital.”
Owino said the acquisition of Valley Hospital was part of its strategy to take a leadership role in investing in healthcare services.
Cite: https://kenyanwallstreet.com/ascent-capital-is-a-private-equity-fund/
