An Investor’s Plan to Transplant Private Health Care in Africa
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Khawar Mann at the Metropolitan Hospital in Nairobi. “Nairobi is a sweet spot for us,” he said. “You have emerging middle incomes. And there is a massive need for health care.” CreditTyler Hicks/The New York Times
NAIROBI, Kenya — The eyes of the private equity investor lit up as he strode across the empty floor of a recently built hospital here. There was not much to see: a stretch of unfinished concrete, and steel bars pushed into a corner.
But Khawar Mann of the Abraaj Group, an investment firm based in Dubai that specializes in developing markets, saw something else.
Room for more patients — and a nice return on his investment.
“You could squeeze another 50 beds in here, easy,” he said. “That will really improve profits.”…
An Investor’s Plan to Transplant Private Health Care in Africa
