Announced
Financials
Tags
Majority
Friendly
Private Equity
Pending
Domestic
Private
Single Bidder
Mbo
South Africa
Medical Equipment
medical equipment
Acquisition
Synopsis
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.
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