Cooperative bank for healthcare sector launched
Author: FIN24 Published: 2017-07-26
The health economy received a boost with the launch of MediCoop CFI, a cooperative bank which is exclusive to the healthcare sector. MediCoop CFI offers healthcare professionals access to capital and investment. Although the concept of a cooperative bank has been tried and tested globally, it is new to the health sector in South Africa.
The launch function was attended by health innovators in the business sector as well as leaders of healthcare associations.
Offering the support of his department, Western Cape Minister of Economic Opportunities Alan Winde said MediCoop's concept offers exciting potential to grow the health economy in the province.
Theuns Botha, MD of MeciCoop CFI, said the cooperative offered growth opportunities, particularly for healthcare professionals wanting to enter the sector but needing seed capital.
“MediCoop offers a platform for healthcare professionals to grow. We understand the challenges faced by healthcare professionals and MediCoop is well-positioned to convert challenges into opportunities," said Botha.