Addis Cardiac Hospital

 

Establishment

 

Addis Cardiac Hospital was established as a collaboration between four Swedish companies and five individuals. The founding assembly was held 30th of September 2006 at Global hotel in Addis Ababa, Ethiopia. The 3rd of October, the same year, the Ethiopian Investment Authority issued the investment license and registration certificate for Addis Cardiac Hospital PLC

The founding members agreed to establish a jointly owned limited liability company, Addis Cardiac Hospital Plc, to be governed by the Commercial Code of Ethiopia and in accordance with the Memorandum of Association, Articles of Association and shareholder’s agreement. The object of the Company's business is to establish and run a state of the art cardiovascular diagnostic and treatment facility.

In order to start up and develop the business of the Company, the need for financing was been estimated to a total of Birr 19,542,000.

Among other principles and guidelines stated in the Memorandum of Association, Articles of Association and shareholder’s agreement, the shareholders are aware of, and concur with, the principles reflected in Swedfund´s Environmental Guidelines and Code of Best Practice, as well as with Swedfund´s environmental and ethical annual reporting standards. The shareholders undertake, in relation to their ownership in and governance of the Company, to use their best efforts to act consistently with and not in violation with Swedfund´s Environmental Guidelines and Code of Best Practice.

The company board consists of:

  • A General assembly, the highest organ of the company
  • A Board of Directors appointed by the shareholders; which supervises the wide spectrum of the business bullet
  • A General Manager and a Medical Director, both to be appointed by the Board of Directors bullet
  • An authorized auditor or auditors to be appointed by the shareholders.


     

    Mission Statement

     

    The mission of the Hospital includes:

  • To establish and run a state of the art cardiovascular diagnostic and treatment facility.
  • To provide training for physicians, specialized nurses and laboratory technicians.
  • To undertake research, in order to to generate more objective data in the country.
  • To play a vital role in increasing public awareness about cardiovascular diseases and to promote preventive measures.
  • To enhance knowledge and technology transfer from developed countrise.
  • To provide consultation services on cardiovascular medicine and related fields.
  • To establish a cardiovascular rehabilitation center.
  • To establish a pharmaceutical facility.
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