Nigerian health technology company Primed E-Health is raising $4 million in a Series A round at a $20 million pre-money valuation, as it looks to significantly expand its hospital network and deepen its technology infrastructure across the country.
The company, founded in 2019 by Dr. Abdulhafiz Are, currently operates across 40 hospitals
including Jos University Teaching Hospital, University of Port Harcourt Teaching Hospital,
Aminu Kano Teaching Hospital, University College Hospital Ibadan, and several Federal
Medical Centres. The raise, which offers investors 20% equity, is Primed’s first formal
institutional round after years of growth funded primarily through its own revenue.
Dr. Are, a medical doctor who spent years inside Nigerian hospitals before starting the
company, built Primed around a straightforward observation. Hospitals were not failing because of bad doctors. They were failing because the systems around those doctors were
broken. Records were on paper. Revenue leaked through cash transactions nobody could track. Drugs ran out without warning. And any digital system that was set up would go down
the moment the power cut out.
Primed’s response was to go into hospitals and fix the infrastructure, not just the software.
The company installs solar power that keeps hospitals running, sets up a digital operating
system covering everything from patient registration to billing, and connects records across
facilities through a Health Information Exchange. The platform also supports physicians with
prescription recommendations and lab test suggestions at the point of care, with broader AI
capabilities in development.
Since its 2019 inception, Primed has generated over $2 million in cumulative revenue, with
2025 being its strongest and first truly profitable year. Revenue compounds as the network
grows. Hospitals pay a monthly platform fee. Each new patient registered generates a one-
time charge. Every subsequent interaction that patient has across the network generates a
small recurring fee. At 800 hospitals with 500 patients per day on average, the company
projects annual revenue of around $72 million.
The $4 million will go toward onboarding more hospitals, building out the AI layer, and
scaling the Health Information Exchange nationally. International expansion into Kenya and
Uganda is planned alongside the domestic rollout, with West Africa and the broader
continent to follow.
The leadership team includes Dr. Are as Founder and CEO, Esther Anammah as Chief
Financial Officer, and Olamide Adesina leading operations, execution, and partnerships.
