Life Healthcare has invested an undisclosed amount of investment in African medtech startup Quro Medical to provide Africans with hybrid healthcare delivery, according to media reports. Life Healthcare is South Africa’s largest private hospital chain and a leading international healthcare organisation and Quro Medical offers accessible and affordable healthcare to South Africans at home, when they need it.
The news of this deal comes after Quro Medical raised a $1.1 million seed round 3 months ago by demonstrating the growth potential and how acceptable it would be in the country. Quro Medical also analyses real-time data to monitor patient health. This allows the company to allow those who need constant healthcare monitoring outside of acute hospital treatment to be assisted remotely and receive the care they need.
Quro Medical co-founder and CEO Vuyane Mhlomi told the media, “Healthcare as an industry tends to lag behind, being very conservative in its approach, regulations, and of course, given the nature of work, healthcare tends to be stricter and a lot more conservative, which means that things that would sometimes be beneficial to patients and the general public are often not seen or realized in time purely due to how we are within healthcare.”
This latest deal will see both the companies working together to provide the citizens with the technology they need to access high-quality healthcare at home when they need it. The partnership benefits both the companies and South Africans stand to benefit a lot from it since they will have two options of choosing their form of healthcare.