Finnfund invests in Moroccan healthcare sector
OP Finnfund Global Impact Fund I has invested USD 10 million in CIM Santé Group, a Moroccan private healthcare provider. The investment aims to enhance access to quality healthcare and promote gender equality in the country.
Helsinki – The OP Finnfund Global Impact Fund I has invested USD 10 million in equity in CIM Santé Group, a leading private healthcare provider in Morocco.
The investment aims to support the development of Morocco's private healthcare sector, improve access to quality care, and promote gender equality within the sector. CIM Santé Group currently operates three clinics in Rabat, Marrakech, and Tangier. The group plans to expand its operations in Marrakech and Casablanca.
Founded in 1994, CIM Santé Group has a strong focus on cardiology. In 2020, the group employed 360 people and treated approximately 50,000 patients. The company is also committed to advancing women's position within its organization, with women representing nearly 70% of the workforce and holding significant management roles.
This investment contributes to the United Nations' Sustainable Development Goals, specifically the goal of ensuring healthy lives and promoting well-being for all. The joint investment by Finnfund and Vantage Capital seeks to bolster the Moroccan healthcare system's capacity to meet the growing demand for quality health services.