Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 17 2019

Cipla acquires 30% stake in South African's Brandmed for business expansion

This acquisition will increase Cipla's exposure to the connected healthcare segment.

Cipla acquires 30% stake in South African's Brandmed for business expansion

Pharmaceutical major Cipla Ltd has acquired a 30% stake in South African healthcare firm Brandmed. This acquisition will increase Cipla’s exposure to the connected healthcare segment. Cipla's South African arm Cipla Medpro will execute the transaction worth Rs 32 crore.

The company is expected to complete the transaction with Brandmed by May 31.

Paul Miller, Chief Executive Officer of Cipla Medpro, said, "This will help to transition healthcare from being reactive to a proactive and real-time monitoring model that focuses on promoting wellness instead of managing illness."

"By pairing our strengths with Brandmed' s innovative, patient-centric approach to healthcare, Cipla Medpro will enhance its diverse portfolio in the non-communicable disease area to provide holistic care to patients from awareness through to disease management, thereby enabling patient adherence and compliance," he added.

Brandmed was founded in 2014. It has developed an integrated solution for addressing outcomes and value-based care for patients with chronic lifestyle and non-communicable diseases.

As per World Health Organisation (WHO), over 38 million people die annually from non-communicable diseases such as cardiovascular ailments, cancers, chronic respiratory disorders and diabetes.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Real Estate Sub
    About Us: Enter the world of premium International Real Estate Company. World..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Healthcare Products
    About Us: Founder DR. B. S. PRAJAPATI had the vision to..
    Locations looking for expansion Rajasthan
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater jaipur Rajasthan
  • Laundry & Dry Cleaning
    About Us: INSTAWASH Laundry uses IPSO Machines, which are the best..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Car Wash / Ceramic Coating / Detailing
    About Us: COZI CARS - Mobile Car Wash/Spa & Detailing Franchise Opportunity You ..
    Locations looking for expansion New Delhi
    Establishment year 2010
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities