Redbird Health Tech

Posted By Graymatterscap On Tue, Jul 17, 2018

Redbird Health Tech is changing the way patients interact with the Ghanaian healthcare system to better combat the rising burden of non-communicable chronic diseases. Redbird leverages the existing skills and infrastructure of pharmacies and over-the counter (OTC) chemists to create more convenient health testing options for all patients, especially those with chronic conditions.

Redbird enables pharmacies and OTC chemists to perform on-site rapid testing for the diagnosis and monitoring of health conditions, bringing healthcare closer to the patient, improving patient involvement and identifying adverse health outcomes when corrective action is still possible.

Investment Rationale

Redbird offers patients a wide range of health monitoring services with the benefits of convenience and affordability as they can get rapid diagnostic tests done for blood pressure, malaria, anaemia, hepatitis B, cholesterol, etc. via community pharmacies. These pharmacies can expand their business and provide patients the benefit of monitoring their health more effectively without having to lose a full day of travel and waiting at overcrowded hospitals.

We are excited to support Redbird’s efforts in making health monitoring services more accessible to mothers and families which need them the most and its potential to significantly reduce risks of pregnancy complications and maternal mortality is what drove our investment decision.





About Graymatterscap

Gray Matters Capital (GMC) is an Atlanta based impact investor with a gender lens that is on a mission to “Find a more purposeful life for 100 million women by 2036." Aligning with its mission is its strategy of making sector agnostic investments globally in for-profit enterprises whose products and services benefit women and girls at scale.

GMC sees education, primarily catering to under-resourced and low and middle income sections of the society, as a powerful tool to bring about gender equality and social equity. Over the past 12 years, it has focused on supporting the education ecosystem India by funding for-profit enterprises in the ‘learning to earning’ space, besides being pioneers in establishing the school finance industry catering to low cost private schools in India with Indian School Finance Company (ISFC); Pakistan with the set-up of Taleem Finance Company Ltd (TFCL), in addition to Nigeria (with EdFin Microfinance Bank).

GMC has till date funded over 80 enterprises across the world to the tune of US$ 125 million.

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