Breaking News

Philips, Medical Credit Fund partners Diamond Bank on health care financing

By Olufemi Ajasa

Royal Phillips, Medical Credit Fund has launched a partnership deal with Diamond Bank to improve access to quality healthcare in Nigeria.

Head, Direct Banking, Diamond Bank Plc, Jude Anele, making a presentation on the Mediloan initiative.


Through this initiative, small and medium-sized private clinics that want to acquire innovative medical technologies and services from Philips can finance this purchase through the Diamond Mediloan QualityCare.

Speaking on the project, General Manager, Philips Health Systems, West Africa, Rob Armstrong said “Phillips aims to contribute substantially to improving healthcare in Africa through innovative solutions that are tailored to local needs.

According to him, “Many clinics across Nigeria will like to invest in new technology, but find it difficult to obtain the necessary finance. This partnership will enable them make quality Philips healthcare solutions available to a large group of people who need them the most. This also represents the next step in the expansion of our activities in Nigeria, “

Similarly, Head, Direct Banking, Diamond Bank Plc, Jude Anele, said the partnership was a demonstration of the boundless possibilities the Diamond Mediloan Quality Care Program provides.

He added: “Now, clinics that sign up to the programme stand to enjoy flexible financing options for the purchase of much needed medical equipments from Philips. We are delighted in this partnership as it will catalyze the development of the nation’s health sector.”

In conclusion, Managing Director, Medical Credit Fund, Monique Dolfing-Vogelenzang, said:  “What we have seen is that clinics often use a loan to invest in medical equipment. It is therefore very important that quality equipment tailored to local circumstances is available in the market. “Says



Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.