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LeapFrog announces its acquisition of a USD 22m majority stake in Kenya’s GoodLife Pharmacy, the largest direct investment in the East African retail pharmacy sector to date.
LeapFrog will now build on its financial services specialism by diversifying its private equity investments into a closely linked sector – healthcare. This will develop a platform that combines both payers and providers, thereby bringing consumers greater access to affordable, quality healthcare.
Goodlife provides trusted pharmaceuticals and wellness products to over 600,000 customers from 19 different convenient locations across East Africa. With LeapFrog’s investment, Goodlife plans to expand its footprint to more than 100 stores over the next five years.
Read the full press release here
Dr. Josh Ruxin, Co-Founder of Goodlife Pharmacy, joins CNBC Africa to consider the way forward for the company
In this video, LeapFrog’s Felix Olale and Goodlife’s Josh Ruxin explore the investment partnership
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