EXCELSIOR GROUP AND KAPH PARTNER TO INCREASE ACCESS TO HEALTHCARE
FOR UNDER-SERVED KENYANS
NAIROBI: 27 March 2014
Excelsior Group’s Foundation and the Kenya Association of Private Hospitals (KAPH) today signed a
Memorandum Of Understanding that aims to improve healthcare accessibility for 30pc of Kenya's
population. Private sector networks account for more than 50pc of Kenya’s healthcare providers serving
the needs of Kenyans living on lower incomes.
Through this exciting new initiative, Excelsior Group has agreed to support KAPH’s dialogue with the
business community and strategic partners, to address such issues as regulation enabling, affordable
treatment, shortage of skilled professionals and improving access to capital.
Dr. Felix Olale, Chairman of Excelsior Group and CEO of Wellness Group, commented:
“We are excited by the hopeful future that this partnership represents. By supporting KAPH, we seek to
stem the vicious poverty cycle and continue our work to transform healthcare in Kenya by building
leadership amongst the private healthcare sector. Our Foundation’s focus is to develop and invest in
human capital. We measure our initiatives on how they enable tomorrow’s leaders.”
50% of Kenyans pay for healthcare out of pocket, according to the IFC. When individuals earning a
dollar a day or less become ill, their first action will be to wait to see if there’s a recovery. They will then
attempt to find payment for treatment, by divesting of their assets or seeking a loan. This frequently
leads them to sink into destitution. Justifying the assumption that ill health perpetuates poverty and
depletes income levels.
Under the MOU, Excelsior Foundation has agreed to set up a secretariat, help with its administration
and support KAPH in its sustainability strategy.
KAPH’s facilities are located across most of the countries in Kenya, including: Nairobi, Naivasha, Meru,
Mombasa, Kijabe, Nanyuki, Kisumu, Kisii, Thika, Eldoret, Embu, and Athi River.
Notes to editors:
About Excelsior Group
Founded in 2009, Excelsior Group seeks to harness the power of technology and smart finance to
transform healthcare across Africa. We advise, invest in and build long lasting projects across the full
healthcare value chain.
The Group brings together the advisory and deal-making expertise of Excelsior Advisors, coupled with
the early stage investment capital of Excelsior Ventures. Wellness Group, one of our early stage
investments, is a distributed medical imaging and diagnostic platform.
Excelsior Foundation is the company’s social, educational and cultural impact arm.
About the Kenya Association of Private Hospitals
KAPH was set up to help consolidate the position of the private sector in Kenya to become a dependable
strong body to address key national macro socio-economic health policy issues and other related private
sector concerns. A selection of its current active members are St. Leonards, Nyamira Maternity Nursing
Home, Suna Nursing Maternity Home, Busongo Hospital, Valley Hospital, Thika Road Health Services,
Nanyuki Maternity Nursing Home, Shalom Hospital, Cherangany Nursing Home, and Real Hospital.
Media Contact:
Nicola Hankey
Head of External Relations
Excelsior Group
Mobile (East Africa):+ 254 (0)771447401
Fax (Global): + 1 (888) 877-3617
Email: nicola.hankey@excelsiorfirm.com
Website: http://www.excelsiorfirm.com
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