KENYA – Private equity firm Ascent Capital has agreed to acquire a majority stake in Diani-based hospital group Diani Beach Hospitality Limited (DBH). Ascent Capital is an entrepreneurial investment partner…
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CFAO Healthcare acquires minority stake in Goodlife Pharmacies
KENYA – CFAO Healthcare, a leader in the African pharmaceutical market, has signed a memorandum of understanding to acquire 30% of Goodlife Pharmacies, East Africa’s leading pharmacy chain, from LeapFrog…
Read MoreBrmaja acquires majority stake in Wellness Plus mental health platform
EGYPT – Brmaja Innovation, a subsidiary of Saudi tech firm Brmaja, has acquired a majority stake in Wellness Plus to launch and manage Wellnessplus.live platform for online mental health services.…
Read MoreAstute Imaging acquires Egyptian healthcare startup DilenyTech
EGYPT – Astute Imaging, a healthcare IT solutions company, has acquired Egyptian deep technology healthcare startup DilenyTech at an undisclosed amount. DilenyTech was founded in 2018 to improve the accuracy…
Read MoreKELIX bio expands into Moroccan market by acquiring Pharmaceutical Institute
MOROCCO – KELIX bio, a unique pan-African biopharmaceutical platform, has entered into a binding commitment to acquire Pharmaceutical Institute (PHI). The acquisition, which will be financed through up to a US$200 million…
Read MoreRadNet broadens AI focus with acquisitions of two Dutch companies
USA – RadNet, a provider of imaging services, has acquired Dutch artificial intelligence (AI) software developers Aidence and Quantib in deals that the company hopes will enable large-scale lung and…
Read MoreNigeria’s Helium health acquires UAE-based health platform Meddy
NIGERIA – Nigeria-based health tech startup Helium Health has acquired Meddy, a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. The acquisition, termed as a great deal by…
Read MoreWorld-shattering E-health startup mPharma acquires Uganda’s Vine Pharmacy
GHANA – Ghanaian health startup, mPharma, has acquired a majority stake in Ugandan-based pharmacy, Vine Pharmacy. This is coming two years after mPharma bought Kenyan-based Haltons Pharmacy for US$5m, signaling…
Read MoreAcino Health acquires US$121.5M select prescription drugs from Aspen Pharmacare
SOUTH AFRICA – Drug maker Aspen Pharmacare has sold six prescription medicines used for the treatment of gastroenterology, erectile dysfunction and cardiovascular diseases to Swiss pharmaceutical company Acino Healthcare Group…
Read MoreImperial holdings acquires 25% stake in Mauritian health startup Vicore Health
MAURITIUS – Imperial, through its Market Access Healthcare business, has made a strategic investment in Vicore Health, an emerging Mauritian based health product industry service and technology provider. Vicore health…
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