CFAO completed the acquisition of a 30% stake in Goodlife Pharmacies from LeapFrog Investments.

CFAO, a wholesale distributor of pharmaceuticals, completed the acquisition of a 30% stake in Goodlife Pharmacies, a pharmaceutical chain, from LeapFrog Investments, a private equity firm. Financial terms were not disclosed. “Goodlife has built strong brand recognition in East Africa. oodlife Pharmacy will continue to work in marginalized areas, taking the same quality of care and providing products at the right price points for these markets. In addition, we will be working with local Kenyan manufacturers to create additional demand for Kenyan manufactured pharmaceuticals," Amaan Khalfan, Goodlife CEO.