COMPANY HISTORY

A journey of history growth and integration in the healthcare value chain


Through strategic acquisitions and partnerships, we have expanded across the value chain to enhance our capabilities as an integrated healthcare provider.

2013

Concluded ACT profit warranty.

2014

AfroCentric acquired the South African licence of the DBC back and neck rehabilitation programme.

2016

  • 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 a 26% interest in Activo Health.
  • AHL, the Group's largest operating subsidiary, repurchased its outstanding 5.9% minority interest. AHL became a private Company effective July 2016.

2017

  • The amalgamation of Bonitas and Liberty added 125 000 lives to our care.
  • Pharmacy Direct secured further contracts for the delivery of chronic medication to scheme members, increasing its footprint from five to seven South African provinces.
  • AfroCentric acquired a 51% interest in The Cheese Has Moved (TCHM) and 100% of Wellness Odyssey.

2018

  • AfroCentric acquired:
  • Essential Group, a health insurance business, on 1 March 2018.
  • Scriptpharm Risk
    Management, which manages chronic medication through a capitation arrangement, on 1 August 2017.
  • MMed Distribution, a medical and surgical distributor on 19 September 2017.
  • Tendahealth, an FSP offering healthcare brokerage services on 1 September 2017.
  • COMMED merger with Bonitas
  • Awarded Hosmed contract.
  • Pharmacy Direct awarded 4 of the 9 large provinces in new DOH contracts.

2005

W.B. Holdings
(cash shell on the JSE).

2008

AfroCentric was incorporated (80% of share capital purchased) and listed on the JSE.

2009

AfroCentric purchased the AHL Group (80% shareholding).

2010

AfroCentric increased its shareholding in AHL to 94.1%.

2012

Helios IT Solutions acquired a 51% interest in Allegra.