Thursday, Sep 16, 2021
International Finance
Featured Healthcare

South Africa’s Quro Medical raises $1.1 mn to scale its operations

Quro Medical funding_IF_Image
The funding round was led by VC firms Enza Capital and Mohau Equity Partners

Johannesburg-based Quro Medical recently raised $1.1 million in funding to make affordable care at home an alternative to hospital stays for public insurance holders. According to media reports, the funding round was led by VC firms Enza Capital and Mohau Equity Partners.

As mentioned earlier, the healthcare company is looking to change the face of traditional healthcare where hospitals are burdened with excessive demand. This leads to the shortage or strain on bed capacity and effective patient treatment and outcome is hindered. More than 80 percent of South Africa’s population, particularly the Black urban and rural poor, depending on the country’s underfunded and understaffed public health system, Quro plans to change this.

The company was founded in 2018 by Dr. Vuyane Mhlomi(CEO), Zikho Pali, and Rob Cornish. Mhlomi understood that it’s imperative to innovate South Africa’s healthcare from his own experience and decided to bring changes needed. It is a known fact that hospitals in Africa experience excessive demands. Mhlomi also mentioned that he has witnessed his parents suffer from chronic health ailments and had to wait for hours in a clinic before they could meet a medical professional.

Mhlomi told the media, “We were connected by our belief that the private healthcare sector can and should be doing more to shoulder the burden of healthcare provision in this country and on the continent generally. These escalating costs are the primary barrier to accessing healthcare in the private sector, leaving an overwhelming burden on our public health system.”

Quro medical works with 150 doctors, and Mhlomi believes that his company is the first one in Africa to accelerate its hospital-at-home services and scale its operations across the country.

Image credits- Quro Medical

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