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Tristate Healthcare Receives Funding For Cardiology Equipment, Healthcare Acquisition


Tristate Healthcare has received funding from Sterling Bank Plc for the procurement of cutting-edge cardiology equipment and the acquisition of its location in Lekki, Lagos State.

The facility was granted in support of Tristate’s ongoing bid to reposition the company’s services as a state-of-the-art healthcare facility.

Obinna Ukachukwu, the Divisional Head, Business Growth and Transaction Banking at Sterling Bank, disclosed this in a statement issued by the bank last week.

He said that with the intervention, Tristate Healthcare would be equipped to perform more complex surgeries and expand its roster of healthcare professionals to cater to the specialised needs of cardiology and other healthcare specialisations in Nigeria.

“With this facility, Tristate Healthcare is now equipped to handle as much as 70 percent of open-heart surgeries in the country.”

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Ibironke Akinmade, Group Head for Health Finance at Sterling Bank, stated that the bank’s continued investments in the sector would spur even more growth in Nigeria’s healthcare space, make care accessible to more people and reduce the incidence of medical tourism.

“Investments such as these can spur even more investments in world-class healthcare facilities in Nigeria, thereby making the country a destination for medical tourism within the African region, aid growth of healthcare’s contribution to the Nigerian economy, and contribute positively to the country’s foreign exchange earnings.”

The multi-billion naira facility adds to Sterling’s record of sizable and impactful investments in the healthcare sector, coming on the back of over N10 billion disbursed to the industry.

In addition to ongoing partnerships with multiple state governments in Nigeria, Sterling Bank Plc has been actively involved in the creativity and implementation of several health-related innovations in the country such as drone deliveries for pharmaceuticals, and the setup of statewide health insurance schemes to make care accessible to the citizens of Ekiti, Bayelsa, Cross River, Lagos, and Ekiti.