New Social Enterprise Seeks to Expand Affordable Global Access to Health Care – Open Society Foundations

“A group of philanthropic funds and investors led by the Soros Economic Development Fund (SEDF), with support from the Bill &┬áMelinda Gates Foundation, is today announcing the launch of Global Access Health (GAH), a social enterprise that will seek to expand access to affordable state-of-the-art medical technology through decentralized research, development, and manufacturing in and for the Global South….

The transaction is important in that it transitions a world-class for-profit company into a social enterprise and allows it to entirely reinvest its profits in pursuing these goals. This transformation will give it the ability to address gaps in the provision of global diagnostics in low-income communities and regions that profit-focused business has failed to address….”

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