Healthtech Startup mPharma Acquires Majority Stake in Nigeria’s HealthPlus

Ghanaian technology-driven health startup mPharma has acquired the majority stake in HealthPlus, the leading pharmacy chain in Nigeria.

mPharma Chief Executive Officer and co-founder Gregory Rockson says the company hopes to build a pan-African healthcare provider to deliver drugs and improve health outcomes for patients

Rockson said that the acquisition of HealthPlus Pharmacy chain will go a long way in helping mPhama increase patient access to affordable and quality healthcare.

“mPharma is deepening its long-standing commitment to Africa by reimagining primary healthcare in some of the most vulnerable communities on the continent. We continue to transform community pharmacies into primary care centres to provide affordable and accessible healthcare to all patients so they can live not just longer but healthier lives. We are optimistic about the future of healthcare for Nigerians through the acquisition of HealthPlus.”, said Rockson.

Founded in 2013 and headquartered in Ghana, mPharma has operations in 9 other African countries including Nigeria, Zambia, Kenya, Malawi, Rwanda, Ethiopia, Gabon, Togo, and Uganda. The startup has a  network of over 400 pharmacies across its markets, serving more than 100,000 patients each month.

The acquisition was also facilitated by mPharma’s former investor, Alta Semper Capital.

Afsane Jetha, Co-founder and CEO at Alta Semper Capital, said: “We are delighted about HealthPlus’ partnership with mPharma. We have a strong conviction in mPharma’s strategy of revolutionizing primary care across Africa and believe mPharma is the ideal steward for HealthPlus’s next chapter of growth. We believe mPharma’s vision is consistent with that of HealthPlus’s shareholders and employees, and we are enthusiastic to support the business through a relationship with mPharma going forward”.

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Simon W Nderitu

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