Data & Intelligence

Case Study: Luanda Medical Center

Download the full LMC case study here. 

Vital Capital was voted as the winner of the EMPEA Institute’s 2017 Sustainability & Operational Excellence Challenge for its its greenfield investment in, and management of Luanda Medical Centera world class clinic designed to provide high quality healthcare and diagnostic services to the local population of Angola.

As LMC was a greenfield investment, all elements of the enterprise were designed from the beginning by Vital Capital in collaboration with professional advisors.

Impact Highlights: 

Size of LMC: US$71.1 million in enterprise value (as of December 2016)

Investment: Vital Capital invested US$21.6 million in equity in LMC

Seeing a gap in the Angolan market for affordable, high-quality healthcare, Vital Capital chose to make a greenfield investment in 2012—initiating, implementing and overseeing the creation of Luanda Medical
Center—in order to increase the availability of healthcare and diagnostic services in the country. Today the medical center serves over 7,000 individuals per month, of which approximately 75% obtain access to its services via commercial health insurance.

Vital Capital tackled all elements of designing the healthcare facility from its inception, including refurbishing and reconfiguring the space, purchasing and installing medical equipment, and installing the IT infrastructure that would be responsible for the medical, management and financial reporting
systems. Vital Capital also prioritized staffing the clinical and management teams with highly qualified locals and expatriates. As of September 2017, LMC has 330 full-time employees, over 60% of which are female.

In 2015, Vital Capital facilitated LMC’s adoption of GIIRS (the Global Impact Investing Rating System), which systemically rates a company’s social and environmental impact. Within two years from its official launch, the facility was awarded with a Gold Medal for its development impact business model, and is rated as having above-average performance in all operational categories including workers, the environment, community and governance.

As a Founding Member Firm of EMPEA , I am proud of what the organization achieved. I look forward to playing an active role on the Board of Directors as we enter our next phase.

Drew Guff | Managing Director and Founding Partner, Siguler Guff & Company

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Managing Director, The Carlyle Group