Penda Health has made a strategic move to enhance its on-demand telehealth services by acquiring Swedish healthtech startup Grace Health. The acquisition marks a significant development in the African health space, as two prominent healthcare players join forces to expand their reach and impact.
Grace Health was founded in 2018. The Grace Health platform has more than 1.3 million registered users in Ghana, Nigeria, Kenya and South Africa. The company’s app, launched in 2020, was designed to address the challenges of low data storage in Africa. It offers personalized messaging, automated chat, health assessments, tracking and education to support women throughout their reproductive health journey.
Penda Health is a primary and urgent care center that offers patients on-demand telemedicine. The company has a chain of 18 medical centers within Kenya’s Nairobi, Kiambu and Kajiado counties. The company’s clinic network offers comprehensive outpatient services like consultation, lab services, pharmacy, emergency services and other health services.
The collaboration between Grace Health and Penda Health began with a strategic partnership in 2022, aimed at providing instant access to health services in Kenya. With the acquisition completed, all users can expect uninterrupted service and support as the platform continues its mission to serve the African community with information, education and support in reproductive and general health. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the 241st eHealth transaction of 2023, including 53 in the telehealth specialty. There were 303 eHealth and 50 telehealth deals announced between January 1, 2022, and November 8, 2022.
