IMG is the leading private healthcare group in Uganda, a country experiencing rapid GDP growth but with a lack of adequate health services for the upcoming middle classes. IMG owns and runs Kampala’s main hospital (IHK), a modern 100 bed facility, and a network of 10 out-patient facilities across the country. IMG also operates a healthcare insurance plan through its subsidiary IAA.
At the time of Kibo’s investment, IMG was intent upon offering secondary and tertiary services in its hospital and required the expertise and know-how of a healthcare group to partner with them in this venture. This objective was achieved with the Kibo-led investment consortium with the support of Fortis, a leading healthcare operator in India.
This investment has been successfully exited in 2015.