Morocco's ABA Life secures $40 million investment from Admaius Capital Partners
Morocco-based healthtech company ABA Life has signed a $40 million investment agreement with pan-African private equity firm Admaius Capital Partners, subject to customary closing conditions and approval from Morocco's Competition Council. Founded in 2021, ABA Life is the healthcare arm of ABA Technology, founded and chaired by Mohamed Benouda. The company develops and operates healthcare…
Morocco-based healthtech firm ABA Life has secured a $40 million investment from Admaius Capital Partners, a pan-African private equity firm. The deal is contingent upon customary closing conditions and approval from Morocco's Competition Council. ABA Life, founded in 2021, is the healthcare division of ABA Technology, led by Mohamed Benouda.
The company specializes in combining artificial intelligence, medical technology, telemedicine, connected healthcare infrastructure, and clinical services to deliver healthcare programs in partnership with public institutions and foundations. This investment will bolster ABA Life's AI for Sovereign Health program, focusing on Mediot AI platform and clinical intelligence solutions, as well as expanding healthcare technologies and services, and entering international markets.
The investment underscores ABA Life's growth potential and its ambition to become a healthtech leader with international reach, building on its integrated and profitable business model that has already expanded access to care.
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