The Government Institutions Pension Fund (GIPF) has snapped up a 49% stake in Tsumeb Private Hospital (TPH), through a Special Purpose Vehicle, VPB Namibia Growth Fund .
GIPF recently invested N$10 million in the Tsumeb based hospital initially established to specifically provide services to the employees of the mine and their families.
“With the GIPF’s N$10 million investment which translates into 49% ownership of TPH, the Fund’s strategic objective was to ensure the hospital diversifies into a set of specialists which will result in more services offered at the hospital, “said David Nuyoma, GIPF CEO and Principal Officer.
“Today, with the assistance of GIPF, the hospital is a licensed provider of integrated medical services ranging from accident and emergency, ICU, maternity care, occupational health, pharmaceutical and hospitalisation services.”
TPH has a 40 bed capacity, two theatres, a maternity ward, rehab facilities, in-house pharmacy, X-Ray facilities and a casualty ward among other services.
