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AFROCENTRIC GROUP
16
COMPANY HISTORY
2017
2014
2016
2010
2012
2009
2008
2005
The amalgamation of Bonitas and LMS Medical Fund
(“Liberty”) added approximately
125 000
more lives
under our care.
Pharmacy Direct secured further contracts for the
delivery of chronic medication to scheme members
and extended its government CCMDD contract to
seven South African provinces (previously five).
AfroCentric acquired “The Cheese Has Moved”
(1 March 2017) which will improve sales.
AfroCentric acquired the “Wellness Odyssey”
(effective 1 July 2017) which has the wellness and
managed care capabilities to improve health offerings
to scheme members.
Sanlam acquired 28.7% of AfroCentric
Healthcare Assets, a major subsidiary
of AfroCentric.
AfroCentric was awarded the
POLMED scheme contract.
AfroCentric acquired 100% of Pharmacy
Direct, 100% of Curasana and 26%
of Activo Health.
AHL, the largest operational subsidiary of
the Group, repurchased its outstanding
5.9% minority interest. AHL became a
private company effective July 2016.
AfroCentric
increased its
shareholding in
AHL to 94.1%.
AfroCentric purchased
the AfroCentric Health
Proprietary Limited
(“AHL”) Group
(80% shareholding).
W.B. Holdings
(cash shell on
the JSE).
AfroCentric is incorporated
(80% of share capital
purchased) and listed
on the JSE.
Helios IT Solutions
acquired a 51%
interest in Allegra.
AfroCentric
acquired the
South African
licence of the
DBC back
and neck
rehabilitation
programme.
ORGANISATIONAL OVERVIEW
A
journey
of
growth
and
integration
in the healthcare value chain.