All data is delayed
Loading...
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
healthcare

 
 
 

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
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

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

Voting Booth

Sarb’s possible intervention in the markets to stem the rand’s fall is:

Previous results · Suggest a vote

Loading...