HealthPlus, a top drugstore chain in Nigeria, has been acquired by mPharma, Africa’s top patient-centered tech-driven healthcare enterprise, which also owns the bulk of the company.
A contract between mPharma and the previous investor, Alta Semper, paves the way for the acquisition of the majority of the shares of the HealthPlus Group.
Gregory Rockson, Chief Executive Officer and Co-Founder of mPharma, claims that the acquisition is consistent with the company’s goal of creating a healthy Africa by providing patients with life-altering medical treatments and medications.
According to him, mPharma’s decision to purchase the HealthPlus Pharmacy chain is a natural extension of the company’s strong commitment to expanding patient access to high-quality, reasonably priced healthcare in Nigeria.
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“mPharma is strengthening its long-standing commitment to Africa by rethinking primary healthcare in some of the most disadvantaged communities in Africa.
We keep converting neighborhood pharmacies into primary care facilities to offer everyone who needs it affordable and convenient healthcare so they can live not just longer but also healthier lives.
We have high hopes for Nigerians’ access to healthcare in the future thanks to the purchase of HealthPlus,” added Rockson.
While mPharma intends to maintain and grow HealthPlus as Nigeria’s top pharmacy brand, the buyout will also give the company opportunities for growth within Nigeria and a base from which to expand its mutti pharmacy distribution network across the continent through its rapidly expanding QualityRx program.
HealthPlus, powered by mPharma’s exclusive Bloom software, will give patients access to affordable primary care services, in addition to the affordable and high-quality drugs it now sells throughout 12 states in Nigeria.
Additionally, the HealthPlus pharmacy network will include mutti, mPharma’s health membership program, which will offer primary healthcare discounts to both current and potential customers as well as interest-free “heal-now-pay-later” options and free health tests.
By integrating HealthPlus pharmacies with mPharma’s expanding network of partner mutti pharmacies and GoodHealth shops (PPMVs), the company’s network of healthcare facilities in Nigeria will increase from 224 to over 320, and it will be able to treat more than 100,000 Nigerians each month.
mPharma is a healthcare organization that uses technology and is patient-focused. They offer cutting-edge services like vendor-managed inventory management, retail and primary care solutions for neighborhood pharmacies, and data analytics.
Their goal is to create a healthy Africa by making medications more affordable for all patients while maintaining and ensuring quality.
Established in 2013 with headquarters in Ghana, they have since extended to 9 additional African nations: Nigeria, Kenya, Zambia, Malawi, Ethiopia, Rwanda, Gabon, Uganda and Togo.
They operate a network of more than 400 pharmacies in core regions, providing care to more than 100,000 patients each month.
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