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Swedfund invests in healthcare through Quadria Capital Fund

Press release   •   Aug 16, 2019 11:13 UTC

Today, 7 out of every 10 new hospital beds in Asia, are built by the private sector. With an investment of USD 15 million in Quadria Capital Fund II, Sweden’s Development Finance Institution Swedfund will reach the healthcare sector in South and South East Asia, through investments in areas such as healthcare services, pharma and laboratory businesses in countries like India, Indonesia and the Philippines.

- We’re pleased to support an experienced fund manager within healthcare in Asia, a region that accounts for more than 60% of the world’s disease burden. This allows us to provide growth capital that will enable healthcare companies reduce the healthcare supply gap. These companies play a key role in creating formal job opportunities, improving healthcare outcomes and increasing universal health coverage, which is crucial in the struggle to reduce poverty, says Maria Håkansson, CEO of Swedfund.

South East and South Asia are both regions burdened by under-investments within healthcare, which has led to aging, under-developed and over-stretched healthcare systems. Private capital has therefor become essential in increasing the efficiency of healthcare, meeting the capital needs to bridge the gap between demand and supply and driving the future growth of the industry.

To reduce the growing pressure on the public resources, governments in Asia are increasingly seeking the participation of the private sector. Swedfund’s financing enables Quadria to build healthcare companies in Asia that will bridge the demand and supply gap and create value for the region’s greater good.

Asia has less than 0.5 beds per 1,000 against a WHO minimum recommendation of 5 and only 0.3 physicians per 1,000 versus 4 in the developed world.

About Swedfund

Swedfund is Sweden's development finance institution for sustainable investments in developing countries. In order to achieve the goal: a world without poverty, more jobs are required in the private sector and that access to renewable energy is increasing. Investments are therefore made within energy & climate, health and to reach small and medium-sized companies.

As a state-owned company, Swedfund is managed by the Ministry of Enterprise and Innovation. The operations are financed partly through capital injections for which the Ministry of Foreign Affairs is responsible and through reflows from the own portfolio. Swedfund was founded in 1979 and has since the start made more than 240 investments in more than 60 countries.