Nigeria: mPharma acquires stake in Alta Semper backed HealthPlus
African technology-driven healthcare company mPharma has acquired a majority stake in HealthPlus, the leading pharmacy chain in Nigeria. mPharma and the former investor, private equity firm Alta Semper, have signed an agreement leading to the acquisition of a majority stake in the HealthPlus.
“mPharma is deepening its long-standing commitment to Africa by reimagining primary healthcare in some of the most vulnerable communities on the continent. We continue to transform community pharmacies into primary care centres to provide affordable and accessible healthcare to all patients so they can live not just longer but healthier lives. We are optimistic about the future of healthcare for Nigerians through the acquisition of HealthPlus,” said mPharma CEO Gregory Rockson.
In her remarks on the acquisition, Afsane Jetha, co-founder and CEO at Alta Semper Capital said, “We are delighted about HealthPlus’ partnership with mPharma. We have a strong conviction in mPharma’s strategy of revolutionising primary care across Africa and believe mPharma is the ideal steward for HealthPlus’s next chapter of growth. We believe mPharma’s vision is consistent with that of HealthPlus’s shareholders and employees, and we are enthusiastic to support the business through a relationship with mPharma going forward.”
Powered by mPharma’s proprietary Bloom software, HealthPlus will provide patients access to affordable primary care services within its pharmacies, in addition to affordable and quality medications it currently retails across 12 states in Nigeria. The HealthPlus pharmacy chain will also launch Mutti, mPharma’s health membership programme, which will provide both existing and new customers with discounts, interest-free ’heal-now-pay-later’ plans, free health screenings, and other primary care services.