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Tag: Mergers, Investments & Funding

Saudi’s KAEC inks health cooperation pact with Dr. Sulaiman Al Habib Medical Group

23 March 202323 March 2023

SAUDI ARABIA – King Abdullah Economic City (KAEC) and Dr. Sulaiman Al Habib Medical Group (HMG) have signed a health cooperation agreement. Under the terms of the framework agreement, HMG…

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Reckitt and HIEx launch new fund to accelerate Africa’s women-led start-ups tackling health challenges

13 March 202313 March 2023

AFRICA – Reckitt, a multinational consumer goods company and the Health Innovation and Investment Exchange (HIEx), in partnership with the Kofi Annan Foundation and the Eco Bank Foundation, have launched…

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Saudi Chemical Company Holding, AJA Pharma, and Aspen sign pharma agreement

9 March 20239 March 2023

SAUDI ARABIA – Saudi Chemical Company Holding (SCCH) and its subsidiary AJA Pharma have signed an exclusive partnership agreement with Aspen Healthcare, a subsidiary of Aspen Pharmacare Holdings Limited. SJSC,…

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Kiara Health Limited acquires Imperial Logistics’ shares in Pharamafrique

6 March 20236 March 2023

SOUTH AFRICA – Kiara Health Limited has secured funding of growth and replacement capital from Tamela Capital Partners to buy out the remaining 49% of shares in Pharamafrique Limited from…

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Intesa acquires full control of health insurance business with US$382 million investment

5 March 20235 March 2023

ITALY — Intesa Sanpaolo, Italy’s largest bank is set to acquire the remaining 26.2% stake of healthcare insurer Intesa Sanpaolo RBM Salute for 360 million euros (US$382 million) in cash.…

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Life Healthcare appoints Barclays and Goldman Sachs to evaluate an offer for overseas business

3 March 20233 March 2023

SOUTH AFRICA – Life Healthcare Group Holdings has appointed Barclays and Goldman Sachs to evaluating a proposal it has received for its UK-based Alliance Medical Group (AMG business). AMG is…

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Dr. Reddy’s to snap up Mayne Pharma’s prescription portfolio for US$105M

27 February 202327 February 2023

INDIA – Dr. Reddy’s Laboratories has struck a deal to buy the generic prescription product portfolio of Mayne Pharma Group Limited in the United States for up to US$150 million.…

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Healthtech startup Envisionit Deep AI raises US$1.65m for its expansion plans

25 February 202325 February 2023

SOUTH AFRICA – Envisionit Deep AI, a South African healthtech startup, has raised US$1.65 million (R30.2m) from New GX Ventures SA with an additional undisclosed raise from the GIIG Africa…

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Chalhoub Group and Paris-based PATYKA enter pharmacy joint venture in the Gulf region

22 February 202322 February 2023

UAE – Middle East-based luxury goods retailer Chalhoub Group and French certified-organic skincare brand, PATYKA, have established a strategic joint venture (JV) agreement to expand into the retail pharmacy sector.…

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Nigerian e-health startup Famasi secures pre-seed round of investment

20 February 202320 February 2023

NIGERIA – Famasi, a Nigerian e-health startup that began as a medicine management service but has since broadened its mission to include creating pharmacy infrastructure to grow digital health, has…

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  • UAE-based AstraGene and Mylab form joint venture to commercialize automated diagnostics
  • Chinese missionaries in Rwanda perform painless normal delivery
  • OSHCO, VAMED Group to establish a new rehabilitation & long-term care hospital in Riyadh
  • Uganda launches project to scale up paediatric surgical services in hospitals
  • Dubai’s state-owned DAHC, Pfizer, AXDEV Group ally to enhance chronic illness care

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