NovaMed

Groupe Novamed operates as a key private healthcare provider in West Africa, with its headquarters situated in Abidjan, Côte d'Ivoire. The company was established following a Management Buy Out of the sub-Saharan African clinics from Saham Santé. It was founded by Sami Chabenne and Raymond Farhat, with financial backing from Amethis, an investment fund focused on Africa. The founders' objective is to address the rising demand for quality healthcare from the rapidly growing middle class in the region, where the existing healthcare infrastructure is often fragmented and underfunded.

The company's business model is centered on acquiring, transforming, and operating a network of private hospitals and clinics. Novamed provides a comprehensive suite of medical services, including medicine, surgery, obstetrics, oncology, cardiology, diagnostics, and consultations. Their revenue is generated from the fees for these healthcare services provided to over 200,000 patients annually across their facilities. The company targets the growing middle-class population that seeks higher quality medical care than what is often publicly available.

Groupe Novamed's network consists of multiple facilities, including eight clinics with a significant presence in Côte d'Ivoire and a location in Burkina Faso. The company has been actively investing in the modernization of its acquired clinics and developing specialized centers. Notable projects include the creation of the first private cardiac treatment center and an oncology center in West Africa, aiming to offer services like radiotherapy and open-heart surgeries, which are scarce in the region. This strategy is designed to position Abidjan as a regional medical hub, reducing the need for patients to travel to North Africa or Europe for specialized treatments. With a team of approximately 1,000 employees and 300 doctors, Novamed focuses on improving patient care through technological solutions, organizational innovation, and continuous training for its staff.

Keywords: Private healthcare Africa, West Africa medical services, hospital group Ivory Coast, clinic network, healthcare investment, Sami Chabenne, Raymond Farhat, Amethis, Saham Santé buyout, private hospitals Abidjan, medical services West Africa, cardiology center Africa, oncology services Africa, surgical services, obstetrics, diagnostics, healthcare infrastructure, corporate healthcare, medical treatment abroad alternative, Côte d'Ivoire healthcare, Burkina Faso clinics