Ata Capital to acquire Respiratory Care Africa from Ascendis Health for $31m.

Ata Capital, an investment company, agreed to acquire Respiratory Care Africa, a distributor of specialist medical equipment to public and private healthcare institutions in southern Africa, from Ascendis Health, a health and wellness company, for $31m. The disposal is in line with the recapitalisation. RCA has performed strongly through Covid, selling significant quantities of equipment into the market and it is anticipated that trading will normalise once Covid has subsided. Ascendis Health believes that current trading provides a sound foundation for the disposal.