CFAO Healthcare has acquired a 100% stake in Goodlife Pharmacy, reinforcing its position in the East African healthcare market and enhancing access to quality pharmaceuticals.

Target Acquisition Overview

CFAO Healthcare has successfully acquired 100% of Goodlife Pharmacy, the leading retail pharmacy chain in East Africa. This strategic purchase marks a significant advancement in CFAO Healthcare's ongoing efforts to strengthen its footprint within the East African healthcare sector. Previously, in 2022, CFAO Healthcare made a minority investment in Goodlife Pharmacy, setting the groundwork for this complete acquisition. By taking full control of the pharmacy, CFAO aims to integrate its operations across the pharmaceutical value chain, from manufacturing to patient delivery.

This acquisition is aligned with CFAO Healthcare's broader ambition to ensure access to high-quality medicines and medical products for all patients in Africa. As the demand for healthcare services continues to grow across the continent, this investment places CFAO Healthcare in a strategic position to meet these needs effectively.

Industry Overview in East Africa

The healthcare industry in East Africa has been witnessing rapid growth as the region experiences an increase in population and a corresponding rise in healthcare demand. The government and private sector investments are geared