Vital Capital and OPIC Provide Financing to Luanda Medical Center (Sub-Saharan Africa)
Source: Vital Capital
Vital Capital Fund, an impact investing fund primarily focused on Sub-Saharan Africa, has closed a US$16.6 million equity investment in Angola-based medical clinic Luanda Medical Center (LMC). Vital Capital’s investment was made in conjunction with a US$9.8 million loan from the Overseas Private Investment Corporation (OPIC). LMC, which will begin serving patients in the fourth quarter of 2014, intends to provide same-day ambulatory and cardiology procedures, as well as advanced diagnostic capabilities such as ultrasounds and X-rays.