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News > Private Equity > Deals

XSML invests in TMR Hospital

Africa Global Funds
July 9, 2018, 10:02 p.m.
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XSML, a fund manager active in Central and East Africa, has made its seventh investment in Uganda with TMR International Hospital (TMR), a general hospital that specializes in maternity healthcare, emergency relief and ENT.

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XSML, a fund manager active in Central and East Africa, has made its seventh investment in Uganda with TMR International Hospital (TMR), a general hospital that specializes in maternity healthcare, emergency relief and ENT.

Jarl Heijstee, Managing Partner at XSML, said: “TMR is a leading healthcare provider in Uganda. There is growing demand for private healthcare services in Uganda. Due to TMR’s location in a populous neighbourhood, we are bringing essential healthcare services to people’s doorstep.” 

“Although TMR is a young company, it has already achieved great things as recently TMR did one of the first cochlear transplants in Uganda, restoring hearing in previously deaf children.”

TMR started offering healthcare services in 2016 in Naalya, a rapidly growing urban area of the city of Kampala. 

TMR hospital offers healthcare on both an outpatient and inpatient basis, including a pharmacy, operating theatre, ICU, maternity ward and a laboratory. 

TMR operates 24/7 with permanent healthcare staff on site at all times. TMR has a total of 14 rooms for patient admission, of which two ICU beds, two maternity rooms, two semi-private rooms and eight individual self-contained private rooms.

TMR Hospital is the seventh investment in Uganda and the twentieth investment for the African Rivers Fund, which is now 72% committed.

 With support from African Rivers Fund, TMR will be able to onboard a number of insurance companies as well as corporate clients, extending the reach of healthcare services offered to a wider population. In addition, the funding will be used to acquire some essential medical equipment to provide a better range of services.
 
The African Rivers Fund targets growing, well-managed small and medium-sized enterprises (SMEs) in the Central & East African region covering Uganda, Democratic Republic of Congo (DRC) and Republic of Congo as well as - over time - Burundi. 
 
Daniel Talemwa, CEO and founder of TMR: “With the financing from XSML we are able to expand into the insurance market, offering our services to a broader group of clients. We are also using the funds to purchase some medical equipment, that will enable us to perform certain essential medical procedures that we are currently unable to offer. As we are a young but ambitious company, we are happy to have been able to find a long-term partner as XSML that shares our vision and ambition.”
 

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