To increase access to affordable healthcare in Morocco, IFU has invested EUR 21 million in ODM, a leading healthcare provider in the country. 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. IFU’s investment is made on behalf of the Danish SDG Investment Fund, which is backed by IFU, large Danish pension funds and private investors.
Oncologie et Diagnostic du Maroc (ODM), a leading healthcare provider in Morocco, is pleased to announce that it has successfully secured a significant investment of €21 million from the Danish Investment Fund for Developing Countries (IFU). This landmark investment marks IFU’s commitment to supporting the growth and development of healthcare services in Morocco.
The funds secured from IFU will be instrumental in bolstering ODM’s efforts to enhance healthcare accessibility and quality across Morocco. The investment will serve a dual purpose, enabling ODM to not only expand its existing network but also diversify its service offerings, thus contributing to the realization of Morocco’s broader national healthcare strategy.
“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.
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.”
Lisbeth Erlands, Senior Vice President at IFU.
As Morocco continues to focus on the enhancement of healthcare coverage and services, ODM’s strategic expansion efforts are set to play a pivotal role in achieving these national goals. The partnership between ODM and IFU represents a significant step forward in realizing a healthier, more prosperous future for the people of Morocco.
IFU’s investment is made on behalf of the Danish SDG Investment Fund, which is backed by IFU, large Danish pension funds and private investors.
Established in 2014 as the first structured private health group in Morocco, ODM is a leading healthcare provider in the country. It is dedicated to delivering high-quality medical services to its patients. With a commitment to excellence, innovation, and accessibility, ODM was the first structured private healthcare group in the country is at the forefront of advancing healthcare. ODM’s investors include Alta Semper Capital, Ashmore Group and Proparco.