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IFU Invests €21m to Expand Healthcare in Morocco

Staff writer
Dec. 20, 2023, 5:26 p.m.
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Word count: 329

The Danish Investment Fund for Developing Countries (IFU), on behalf of the Danish SDG Investment Fund, has invested €21m in Oncologie et Diagnostic du Maroc (ODM), a healthcare provider in Morocco. 

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The Danish Investment Fund for Developing Countries (IFU), on behalf of the Danish SDG Investment Fund, has invested €21m in Oncologie et Diagnostic du Maroc (ODM), a healthcare provider in Morocco. 

The investment will serve a dual purpose, enabling ODM to expand its existing network and diversify its service offerings, thus contributing to the realization of Morocco's broader national healthcare strategy. 

The funds will be instrumental in bolstering ODM’s efforts to enhance healthcare accessibility and quality across Morocco.

IFU is investing in healthcare with the aim of contributing to increasing access to affordable and essential healthcare for more people, especially low-income groups. 

ODM matches the strategy as the company is providing services related to cancer, which is a growing decease leading to a significant undersupply in treatment. Moreover, the investment is in line with Morocco’s plan to reach full healthcare coverage with the help of private investments in the healthcare sector to provide capacity and high-quality services.

ODM’s ambitious plans include the development of additional capacity within its current network of facilities, ensuring that more patients have access to high-quality medical care. Furthermore, the funds will be allocated to the creation of new services and initiatives aimed at expanding ODM’s footprint and impact in the healthcare sector.

“We are excited to support ODM in its mission to advance healthcare services in Morocco. This investment aligns with our commitment to fostering sustainable development and improving access to more affordable healthcare services in emerging markets. ODM’s vision and track record in delivering healthcare excellence make them an ideal partner for this endeavor,” said Lisbeth Erlands, Senior Vice President at IFU.

“We are thrilled to have IFU as our partner in this endeavor. This substantial investment will empower us to further our mission of providing world-class healthcare services to the Moroccan population. We believe that our partnership with IFU will drive innovation, increase our reach, and help us meet the evolving healthcare needs of our country,” Mohamed Elmandjra, ODM’s Founder and CEO.

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