.
MergerLinks Header Logo

New Deal


Announced

Completed

General Atlantic led a $40m Series B round in Reliance Health.

Financials

Edit Data
Transaction Value£29m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

Nigeria

Friendly

Acquisition

Health Care Facilities

Single Bidder

Cross Border

Minority

healthcare

Venture Capital

Completed

Private Equity

Synopsis

Edit

General Atlantic, a growth equity investor, led a $40m Series B round in Reliance Health, a digital healthcare provider, with participation from Partech, Picus Capital, Tencent Exploration, AAIC, P1 Ventures, Laerdal Million Lives Fund, M3, and Arvantis Social Foundation. “Healthcare in emerging markets is often overlooked by private initiatives because it’s an extremely complex challenge to solve. At Reliance Health, by leveraging new innovations to break the constraints of legacy solutions, we believe there is an opportunity to solve some of these tough problems and even for aspects of healthcare in emerging markets to leapfrog to other parts of the world. We are excited to work with our investors towards bringing affordability and accessibility in healthcare to underserved markets, ultimately saving lives around the world,” Femi Kuti, Reliance Health CEO and Co-Founder.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US