Five notable African healthcare deals
We highlight five African healthcare investments, as featured in our Dealmaker’s Log.
We highlight five African healthcare investments over the past 12 months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. AfricInvest and Proparco provide financing to African eyewear company
AfricInvest and Proparco together approved financing for Lapaire Glasses, an optical retail chain offering eyewear at a fair price in West and East Africa (Côte d'Ivoire, Benin, Togo, Mali, Burkina Faso and Uganda).
$2.5 million in financing will be made available from AfricInvest and €450,000 from Proparco, through its Bridge by Digital Africa facility. Read the full article
2. Alta Semper acquires Allmed Group; seeks to deepen African presence
Allmed Group, a producer of end-to-end blood purification and haemodialysis solutions, announced in June that private equity firm Alta Semper Capital has entered into definitive agreements to acquire the company.
This acquisition gives Alta Semper a controlling stake in Allmed, enabling the companies to leverage their combined expertise to improve healthcare access for patients with chronic kidney disease and other conditions requiring extracorporeal blood treatment. Read the full article
3. AAIC Investment backs health tech platform BIMA
AAIC Investment announced an investment in BIMA, a health tech platform that provides affordable health insurance and digital health services tailored to underserved populations in emerging markets.
The investment was made through AAIC’s Africa Innovation and Healthcare Fund, a fund that focuses on investments in the healthcare sector in Africa. Read the full article
4. RMB Ventures and Bopa Moruo acquire majority stake in Icon Oncology
RMB Ventures and Bopa Moruo Private Equity, alongside management, acquired a majority stake in Icon Oncology Holdings, which is a provider of cancer treatment in South Africa. Since inception, Icon and its subsidiaries Icon Radiotherapy, Icon Chemotherapy and Icon Managed Care have pioneered the move to value-based care in cancer treatment in South Africa.
Icon has a national footprint of 26 radiotherapy facilities incorporating 30 state-of-the-art linear accelerators. Read the full article
5. Egypt: Ezdehar Mid-Cap Fund II invests $10m in Yodawy
Ezdehar Management, an Egypt-based private equity firm, announced the purchase of a minority stake in Yodawy through its Ezdehar Mid-Cap Fund II.
Founded in 2018, Yodawy is a pharmacy benefits management platform and the region's largest dispensary of chronic medication refills. Powered by technology and advanced fulfilment capabilities, Yodawy manages the end-to-end prescription life cycle: providing the tech for doctors to generate e-prescriptions, insurance companies to automate approvals in real-time, and patients to get their medications delivered on time, at home. Read the full article
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