Carna Health Investments Limited has advocated investment in the country’s health sector.

The Managing Director of the firm, Afolabi Adetola, in a statement on Monday, said investment in the country’s health sector would check brain drain and medical tourism in the country.

He said his firm had been providing long-term equity funding and enabling the growth of the institutions with high-growth potential across the Nigerian health care value chain.

Adetola added that the firm was currently renovating and up-scaling a private facility, Betta Hospital, Orile-Agege, Lagos.

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“Within the last 10 years, we had advised major hospitals and health care operators in Nigeria in various capacities through our parent company, Cedar. As advisers, operators, and users of health care in Nigeria, we understand first-hand the challenges with maintaining an efficient health care space and are driven by the need for increased capacity for the delivery of quality health care in Nigeria as well as the opportunities within the industry and its practice.

“So, we morphed into a health care investing platform. Given that we acknowledge that the issues are multi-faceted, our approach is also multi-faceted. We, therefore, set out to provide long-term equity funding and enable the growth of facilities/institutions with high-growth potential across the health care value chain including but not limited to primary, secondary and tertiary hospitals, diagnostic and clinical laboratories, health insurance firms, and pharmacies.

“We understand that investing in health care in Nigeria is a long-term business and requires patient capital. While we acknowledge the role of the government and public funding, the private investor who will drive efficiency and global best practices over the foreseeable future can unlock immense opportunities,” the statement partly reads.