Avacare set to take off in French-speaking Africa with help from Amethis
The South African healthcare group, present in 25 countries, 17 on the continent, will rely on its new shareholder to strengthen its African network.
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▪ Avacare set to take off in French-speaking Africa with help from Amethis
▪ The South African healthcare group, present in 25 countries, 17 on the continent, will rely on its new shareholder to strengthen its African network.
▪ https://www.africabusinessplus.com/en/808950/avacare-set-to-take-off-in-french-speaking-africa-with-help-from-amethis/
For Amethis, this minority investment allows the private equity firm to support Avacare‘s next growth phase, as it has already posted a compound annual growth rate (CAGR) of more than 25% over the last five years. For the 2021 financial year, which ended at the end of June, the pharmaceutical company recorded more than $200 million in revenues from selling some 9,000 products across the continent.
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