As part of the RH Group, we have a footprint of 35 hospitals and four ancillary service companies across eight of South Africa’s nine provinces. These are managed by our subsidiary Africa Health Care (AHC), which specialises in hospital management and related healthcare services.

Over R5 Billion
Assets under management


Eastern Cape (1)

Over R5 Billion
Assets under management

RH Group Funds


Accordion – setting for all closed at start

The Razorite Healthcare and Rehabilitation Fund is the only institution in South Africa with a sole mandate to provide equity to finance the construction of hospitals. By investing in infrastructure the Fund helps to make healthcare accessible and affordable for all South Africans.

Key Facts

  • The Fund was launched in 2014 and has a 10 year lifespan  
  • The investments made by the Fund are a combination of greenfields and brownfields that require expansion
  • As of the 31 December 2020, the Fund had committed capital of R1.525 billion
  • The Fund is now fully traded

Fund 1 Assets

  • Busamed Paardevlei Private Hospital
  • Busamed Modderfontein Private Hospital
  • Busamed Harrismith Private Hospital
  • Busamed Gateway Private Hospital
  • Busamed Hillcrest Private Hospital
  • Busamed Bramfisher Int Airport Private Hospital
  • Busamed Lowveld Private Hospital
  • KwaDukuza Hospital
  • Matjhabeng EOH Private Hospital
  • Eden Gardens Private Hospital
  • Lebowakgomo (Medleb) Private Hospital
  • Kiaat Private Hospital
  • AbaQulusi (Vryheid) Private Hospital
  • St Vincent Private Hospital
  • Healthmed (Primary Healthcare Centres)
  • RH Piet Retief Private Hospital
  • Barberton Private Hospital

Razorite Healthcare Fund II was established in 2018 and is managed by RQ Capital Partners, a parent company to RH Managers. It is an FSB Category II fund manager. Like its predecessor, the Fund invests in healthcare infrastructure to make healthcare accessible and affordable to all South Africans. 

Key Facts

  • Razorite Fund II was launched in August of 2018 
  • The Fund has a 10 year lifespan
  • The investments made by the Fund are a combination of greenfield projects and brownfields that require expansion
  • The Fund has committed capital of R1,722 billion

Fund 2 Assets

  • RH Rand Private Hospital
  • Healing Hills
  • Piet Retief Private Hospital
  • Sakhiwo Infrastructure Solutions
  • Royal Buffalo East London
  • Atteridgeville Hospital
  • Raslouw Hospital
  • Lesego Hospital
  • Malelane Private Hospital
  • Estcourt Private Hospital
  • Louis Pasteur Private Hospital

RHB is a South African healthcare impact investor and healthcare group, which focuses on hospitals, multi-specialty medical centres and other organisations that have synergies with the core business, such as pharmacies, health insurance, financial services and medical education. RHB owns its own medical centres, which are managed by its subsidiary Africa Health Care.

RHB owns and manages its own medical centres as manages others on behalf of independent clients.


8 owned



Key Facts

  • RHB listed on the JSE in July 2017 and the Rwanda Stock Exchange in 2020
  • The Fund is a JSE Section 15 Investment Holding Company (e.g. a permanent capital vehicle)
  • The investments made by the Fund are a combination of brown field projects, and later stage operating healthcare assets
  • The Fund’s committed capital is R500-million

Beyond its current interests in South Africa, RHB seeks to expand its operations across the continent and represents an opportunity to invest in a fully black-owned and entirely African company with growth and immediate returns in a defensive asset class.

RHB Fund Assets

  • Rondebosch Medical Centre
  • Vryburg Private Hospital
  • Fountain Private Hospital (Africa Health Care)
  • St Helena Private Hospital (Africa Health Care)
  • RH Bell Private Hospital
  • Fochville Private Hospital (Africa Health Care)
  • Fauchard Day Clinic
  • Medicare Private Hospital
  • Wesmart Health Insurance
  • Genric Insurance Company
  • Orkney Hospital

The Africa Fund 1 invests in healthcare infrastructure and related services across Sub-Saharan Africa.

Key Facts

The Fund specifically focuses on the “target jurisdictions” of Tanzania, Namibia, Zambia, Zimbabwe, Kenya, Angola, Botswana, Swaziland, South Africa, Uganda and Rwanda.