Op-Ed DevEx Humanity simply can’t afford to wait another 15 years for partial progress. World leaders launched the...Read the latest post
Baar-Zug, Switzerland — 17 October 2017 — Globally, billions of dollars of private and public capital are dedicated to improving the health of those beyond the reach of traditional healthcare systems. However, lack of visibility and infrastructure make it difficult to deliver healthcare efficiently to the populations that need it the most and much of this money is spent ineffectively. This is particularly true of regions in developing countries that suffer disproportionately from the effects of diseases such HIV/AIDS, malaria and tuberculosis.
BroadReach, a healthcare strategy and operations consultant based in South Africa, has delivered high-quality health outcomes across the sub-Saharan region since 2003. The company has harnessed its first-hand experience of the operating environment to produce Vantage, a data-driven platform optimized for the developing-market context. Combining workflow management, data gathering, data analytics, collaboration tools and operational solutions, Vantage allows governments, corporations and healthcare organizations to navigate the fragmented, challenging landscape of healthcare delivery in emerging markets. BroadReach Vantage now supports healthcare programs treating 6 million patients annually across sub-Saharan Africa and influencing healthcare coverage for hundreds of millions more.
PG Impact Investment’s equity investment will help BroadReach to continue rolling out Vantage and to support healthcare delivery to even more underserved communities.
Urs Baumann, CEO of PG Impact Investments, stated: “BroadReach Vantage helps to ensure that clinicians can reach hundreds of thousands of people who would not otherwise receive potentially life-saving treatment. We are excited to support BroadReach in their goal of empowering healthcare leaders to improve the well-being of millions more people.”
John Sargent, BroadReach co-founder expresses the value of the partnership, stating, “Our goal is to radically improve the quality of life for marginalized populations, and scaling our technology is the most expeditious means to that end.” Ernest Darkoh, BroadReach co-founder, underscores the importance, explaining, “If we are to collectively solve the world’s most complex issues—end poverty, protect the planet, and ensure all humans have access to quality health care, education, and decent work—then the development industry must augment earnest efforts with the proven, transformative power of technology.”
About PG Impact Investments
PG Impact Investments was founded in 2015 with the vision that private investment, innovation and entrepreneurial talent can provide solutions to the challenges faced by our society, as well as create sustainable growth. PG Impact Investments is a private sector, mission-driven, global investment firm specializing in investment solutions aimed at delivering financial returns as well as creating a positive social and/or environmental impact. It manages investment strategies for an international clientele of professional investors who are seeking investment solutions that offer market-rate returns, while also helping to address pressing social or environmental challenges. All profits from the business activities of PG Impact Investments are transferred to PG Impact Investments Foundation. The Foundation supports social initiatives and social businesses ventures that otherwise would not receive funding through commercial investors or investment funds. Whilst being independent from Partners Group, PG Impact Investments entities are backed by Partners Group and its employees, and benefit from the global infrastructure, investment know-how and specialist resources of this leading global private markets investment manager.
For more than a decade, BroadReach has partnered with governments, multinational health organisations, donors and private sector companies in more than 20 countries to improve the health and wellbeing of underserved populations. The company developed its data-driven platform, BroadReach Vantage, to increase the impact of its own work. Today, it operates at the heart of diverse organizations around the globe working to make substantive improvements to population health and wellness.
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