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
  • About Us: KRS Educreations Pvt Ltd brings a pre-school franchise model..
    Locations looking for expansion Uttar Pradesh
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 1000 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ghaziabad Uttar Pradesh
  • Clinics & Nursing Homes
    Fayth Clinic is NABH and ISO 9001 : 2015 diagnostic..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 2lac - 5lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • JUICE is one of India’s trendiest salon chains with 32..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2003
    Investment size Rs. 20lac - 30lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Laundry & Dry Cleaning
    Laundry services are a dynamic sector in today’s market, experiencing..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities