Canadian Healthcare Technology Logo
  • Issues
    • Current Print Issue
    • Print Archive
  • Advertise
    • Publishing Schedule
    • Circulation
    • Unit Sizes and Rates
    • Mechanical Requirements
    • Electronic Advertising
    • White Papers
  • Subscribe
    • Print Edition
    • e-Messenger
    • White Papers
  • Events
  • Vendors
  • About Us

GE Revolution Ascend

GE Revolution Ascend

Enovacom EPC

Enovacom EPC

Innovation

iGan Partners launch $250M HealthTech fund

February 9, 2022


Sam Ifergan 2022TORONTO – Canadian healthcare technology investor iGan Partners, in collaboration with Dubai-based entrepreneur and investor Faisal Belhoul, have launched a new $250 million fund that will focus on healthcare technology in the Middle East and North Africa.

The new iGan Arabia fund will focus on investing in artificial intelligence (AI) and cloud technology driven medical devices and digital health innovations. It aims to improve patient outcomes and reduce the overall cost of healthcare.

The fund targets $250m through limited partnerships with an additional $250m in co-investments. The fund plans to work with local investors, healthcare groups and government agencies, Sam Ifergan (pictured), founder and chief executive of iGan Partners, said.

“We see the GCC as a rapidly transformative region, particularly in the healthcare sector … [we] have identified innovative opportunities across digital health, connected medical devices, healthcare IT and AI,” he said.

“We will invest locally and will showcase the GCC’s healthcare innovations to the world,” Mr. Ifergan added.

Healthcare providers in the Gulf are expanding as the population increases and the cost of treatment grows. Improvements in the quality of healthcare, along with rising demand for preventive care and digital medical services, are set to drive growth in the industry.

Healthcare spending in the Gulf Cooperation Council region is projected to reach $89 billion this year from $60bn in 2013, according to the global consultancy KPMG.

Toronto-based iGan Partners has teamed up with various founders focused on commercialising and scaling technological advancements in healthcare. It provides portfolio companies capital, support, and access to a network of industry partners and sector specific co-investors to help them grow and succeed.

The new fund, which was announced during Arab Health 2022 in Dubai, has identified four breakthrough technologies for investment. These include prostate cancer, advanced wound care, eye disease and digital patient management.

It will invest in the solutions developed by Ontario-based Exact Imaging – developer of the world’s first micro-ultrasound for high resolution of prostate cancer; Dubai-based Okadoc – a digital patient management solution; Toronto’s eSight Corporation – manufacturer of wearable electronic vision devices; and Toronto-based MolecuLight – producer of a hand-held imaging device that enables clinicians to visualise bacteria in real-time for advanced wound care.

All of these companies already have regulatory approvals and are scaling their operations globally.

“We aim to invest in start-ups and other healthcare companies, especially in the GCC, and help them evolve as the best-in-class,” said Mr. Belhoul, co-chairman of iGan Arabia.

“We will support not only their operations in the region but also help scale up their operations to key markets in North America, Europe, and LatAm,” said Mr. Belhoul, adding that iGan Arabia aims to create “thousands of new jobs and add value to the economy.”

Mr. Belhoul is also a founder of Ithmar Capital, a private equity firm in the GCC, and founder of Amanat Holdings.

PreviousNext

SteraMist (Feb)

SteraMist (Feb)

News and Trends

  • RACE streamlines patient journey
  • Healthcare supply chain needs a re-think, observers say
  • EDI spots pricing anomalies in Ontario’s healthcare supply chain
  • AI centres of excellence and companies collaborate on apps
  • Talking Stick: New hope for Indigenous mental healthcare
More from the Print Edition

Subscribe

Subscribe

Free of charge to Canadian hospital managers and executives in nursing homes and home-care organizations. Learn More

Follow us on Social Media!

Follow us on Social Media!

Nihi Data [Winter 2023]

Nihi Data [Winter 2023]

WP

WP

Advertise with us

Advertise with us

Sectra One Cloud

Sectra One Cloud

Change Healthcare [2]

Change Healthcare [2]

Infoway [Feb2023]

Infoway [Feb2023]

Zebra

Zebra

CHT print-200×400

CHT print-200x400

SteraMist (Feb)

SteraMist (Feb)

Advertise with us

Advertise with us

Sectra One Cloud

Sectra One Cloud

Change Healthcare [2]

Change Healthcare [2]

Infoway [Feb2023]

Infoway [Feb2023]

Zebra

Zebra

CHT print-200×400

CHT print-200x400

Contact Us

Canadian Healthcare Technology
1118 Centre Street, Suite 207
Thornhill, Ontario, Canada L4J 7R9
Tel: 905-709-2330
Fax: 905-709-2258
info2@canhealth.com

  • Quick Links
    • Current Print Issue
    • Print Archive
    • Events
    • Vendors
    • About Us
  • Advertise
    • Publishing Schedule
    • Circulation
    • Unit Sizes and Rates
    • Mechanical Requirements
    • Electronic Advertising
    • White Papers
  • Subscribe
    • Print Edition
    • e-Messenger
    • White Papers
  • Resources
    • White Papers
    • Writers’ Guidelines
    • Privacy Policy
  • Topics
    • Administrative Solutions
    • Clinical Solutions
    • Companies
    • Continuing Care
    • Diagnostics
    • Education & Training
  •  
    • Electronic Records
    • Government & Policy
    • Infrastructure
    • Innovation
    • People
    • Privacy and Security

© 2023 Canadian Healthcare Technology

The content of Canadian Healthcare Technology is subject to copyright. Reproduction in whole or in part without prior written permission is strictly prohibited. Send all requests for permission to Jerry Zeidenberg, Publisher.

Search Site

Error: Enter a search term

  • Issues
    • Current Print Issue
    • Print Archive
  • Advertise
    • Publishing Schedule
    • Circulation
    • Unit Sizes and Rates
    • Mechanical Requirements
    • Electronic Advertising
    • White Papers
  • Subscribe
    • Print Edition
    • e-Messenger
    • White Papers
  • Events
  • Vendors
  • About Us