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…
Read MoreTag: Mergers, Investments & Funding
Reckitt and HIEx launch new fund to accelerate Africa’s women-led start-ups tackling health challenges
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…
Read MoreSaudi Chemical Company Holding, AJA Pharma, and Aspen sign pharma agreement
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,…
Read MoreKiara Health Limited acquires Imperial Logistics’ shares in Pharamafrique
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…
Read MoreIntesa acquires full control of health insurance business with US$382 million investment
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.…
Read MoreLife Healthcare appoints Barclays and Goldman Sachs to evaluate an offer for overseas business
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…
Read MoreDr. Reddy’s to snap up Mayne Pharma’s prescription portfolio for US$105M
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.…
Read MoreHealthtech startup Envisionit Deep AI raises US$1.65m for its expansion plans
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…
Read MoreChalhoub Group and Paris-based PATYKA enter pharmacy joint venture in the Gulf region
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.…
Read MoreNigerian e-health startup Famasi secures pre-seed round of investment
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…
Read More