NLHealth

NL Health is a specialized team within PGGM Investment Management that invests in the Dutch healthcare and welfare sector on behalf of PFZW.

What is NL Health?

NL Health is a specialized team within PGGM Investment Management that invests in the Dutch healthcare and welfare sector on behalf of PFZW. The goal of NL Health is to actively contribute to the transition of healthcare and welfare in the Netherlands. We do this by investing in innovative solutions that keep care and welfare accessible. With these investments we aim to make impact on top of a sound risk-return profile.

Our strategy: three domains, one goal

We invest in innovations that increase effective care capacity, not by simply adding more care, but by reducing avoidable demand, improving the effectiveness of care, and improving productivity within the system. By doing so, we aim to alleviate workforce pressure while contributing to better health outcomes, improved patient and provider experience, and more sustainable healthcare costs.

New Technology

Up to 2030, €100 million is made available by PFZW for digital applications and medical technology that make processes more efficient and support care providers. We invest through growth capital, often together with partners who bring expertise.

Example: Momo Medical developed the Momo App, that is connected to the BedSense, which enables care providers to work more efficiently and helps patients sleep better. This technology is now used in more than 20,000 beds in the Netherlands.
Organizing Differently: Investing in Health and Prevention
On behalf of PFZW, we have reserved between €25 and €50 million for scalable solutions that focus on prevention and community-based care. We deploy impact loans for social entrepreneurs who have developed and aim to scale proven preventive concepts targeting vulnerable groups.

We focus in particular on financing models where payment depends on achieved results, helping to make prevention financially sustainable and valuable for all parties involved.
Healthcare and Welfare Real Estate: Innovative Forms to Support the Transition

PGGM has reserved between €150 million and €200 million on behalf of PFZW for loans to future-proof healthcare and welfare real estate. The focus is on small-scale housing for the elderly, strengthening primary care, and transforming care institutions.

Real estate can for example help to reduce loneliness through more social cohesion and support, thereby relieving healthcare demand and workload in healthcare.

The Power of Cohesion

Our approach is integrated: New technology strengthens real estate, organizing differently sometimes requires new living arrangements as well as smart use of data and technology , and all domains contribute to the transition. With a compact core team, we aim to combine expertise from both PGGM and PFZW and like-minded partners in lending, growth capital, real estate, and healthcare knowledge to make the most impact of this cohesion. NL Health operates with the support of the wider PGGM and PFZW organization and builds on their extensive knowledge of the Dutch healthcare and welfare sector. This enables us to combine investment expertise with deep sector insight and long standing relationships across the healthcare ecosystem.

Working Together on Solutions That Deliver and Contribute

The challenges in healthcare are complex and urgent. We believe in solutions that combine social impact with financial returns, for future-proof healthcare and welfare in the Netherlands, that supports PFZW participants and their employers.