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mPharma Acquires Majority Stake In Pharmacy Chain HealthPlus In Nigeria

mPharma, Africa’s main patient-centered technology-driven healthcare firm, has acquired the bulk stake in HealthPlus, the main pharmacy chain in Nigeria. mPharma and the previous investor, Alta Semper, have signed an settlement resulting in the acquisition of a majority stake within the HealthPlus Group.

In accordance with the Chief Govt Officer and Co-founder of mPharma, Gregory Rockson, the acquisition is according to the corporate’s mission to construct an Africa that’s in good well being by delivering life-changing healthcare providers and medicines to enhance well being outcomes for sufferers. He said that the acquisition of the HealthPlus Pharmacy chain by mPharma enhances mPharma’s deep dedication to growing affected person entry to reasonably priced and high quality healthcare in Nigeria.

mPharma is deepening its long-standing dedication to Africa by reimagining main healthcare in a number of the most susceptible communities on the continent. We proceed to remodel neighborhood pharmacies into main care facilities to supply reasonably priced and accessible healthcare to all sufferers to allow them to stay not simply longer however more healthy lives. We’re optimistic about the way forward for healthcare for Nigerians by way of the acquisition of HealthPlus.”, mentioned Rockson.

In her remarks on the acquisition, Afsane Jetha, Co-founder and CEO at Alta Semper Capital, mentioned: “We’re delighted about HealthPlus’ partnership with mPharma. We now have a robust conviction in mPharma’s technique of revolutionizing main care throughout Africa and consider mPharma is the best steward for HealthPlus’s subsequent chapter of progress. We consider mPharma’s imaginative and prescient is according to that of HealthPlus’s shareholders and staff, and we’re enthusiastic to assist the enterprise by way of a relationship with mPharma going ahead”.

Healthplus

Whereas mPharma plans to proceed to maintain and strengthen HealthPlus as Nigeria’s main pharmacy model in Nigeria, the acquisition can even present enlargement alternatives for mPharma inside Nigeria and a platform to increase mPharma’s mutti pharmacy retail footprint throughout the continent by way of its fast-growing QualityRx program. Powered by mPharma’s proprietary Bloom software program, HealthPlus will present sufferers entry to reasonably priced main care providers inside its pharmacies, along with reasonably priced and high quality medicines it at the moment retails throughout 12 states in Nigeria. The HealthPlus pharmacy chain can even launch mutti®, mPharma’s well being membership program, which can present each present and new clients with reductions, interest-free “heal-now-pay-later” plans, free well being screenings, and different main care providers.

By combining HealthPlus pharmacies with mPharma’s rising portfolio of accomplice mutti pharmacies and GoodHealth outlets (PPMVs),mPharma’s community will develop from 224 to over 320 well being services in Nigeria and can present care to greater than 100,000 Nigerians every month.

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