• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Ascendis Health extends Africa footprint

Jul 24 2012 13:54
Cape Town - In a press release on Tuesday, Coast 2 Coast Investments announced that its wholly owned health and care subsidiary Ascendis Health has through its subsidiary Efekto Care finalised the acquisition of Avima for nearly R80m.

This is the third acquisition within eight months for the health and care company, which acquired Efekto Care and Sportron for a combined R260m in October 2011.

It holds strategic advantages for Ascendis Health as it opens up new sales channels into Africa for the Efekto subsidiary.

"We believe that Avima will be a great addition to our portfolio," said Ascendis Health CEO Dr Karsten Wellner.

"The combined Avima and Efekto businesses will achieve synergies from a product, channel and backwards-integration perspective, as well as open previously unnavigated sales channels for both brands."

 - Fin24



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote