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INTEGRATED ANNUAL REPORT ANNUAL FINANCIAL STATEMENTS

Our history

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AfroCentric incorporated (80% effective interest acquired) and listed on the JSE

Acquired AfroCentric Health Group (80% effective interest)

Increased effective interest in AfroCentric Health to 94.1%

AfroCentric Technologies (formerly Helios IT Solutions) acquired a 51% interest in Allegra

Acquired South African licence for document-based care (DBC) back and neck rehabilitation programme

Acquired:

  • 100% of Pharmacy Direct
  • 100% of Curasana
  • 26% of Activo Health

Sanlam acquired 28.7% of ACT Healthcare Assets, a major subsidiary of AfroCentric Investment Corporation

Awarded South African Police Service Medical Aid (POLMED) scheme contract

Acquired:

  • 100% of AfroCentric Wellness (formerly Wellness Odyssey)
  • 51% of The Cheese Has Moved

Amalgamation of Bonitas and Liberty added 125 000 lives to our care

Pharmacy Direct secured further contracts for the delivery of chronic medicine to public sector patients, increasing its footprint from five to seven South African provinces

Acquired:

  • 51% of EssentialMed
  • 80% of Scriptpharm Risk Management
  • 70% of MMed Distribution
  • ADS acquired 51% of Tendahealth
  • COMMED merged with Bonitas

Awarded Hosmed contract

Pharmacy Direct awarded four of nine provinces in the new NDoH CCMDD contracts, increasing volumes from 50% to an estimated 80%

Acquired:

  • Remaining 74% of Activo Health
  • 82.8% of PHA
  • 100% of Sanlam Health (renamed AfroCentric Integrated Health Administrators)
  • Additional 25% of Associated Fund Administrators Botswana

Medshield Hospital and Fraud Management

Bonitas Actuarial Services

Hosmed Medicine Management

POLMED contracts for Chronic Medicine Management in Scriptpharm

Acquired:

  • ACT Healthcare Assets acquired the remaining 20% of the shares in Scriptpharm Risk Management
  • Remaining 17.2% of PHA
  • Additional 17% of TCHM

Medscheme won a contract to administer MEDiPOS Medical Scheme

ACT Healthcare Assets acquired 100% of the shares in the DENIS Group, which specialises in dental benefits management

Medscheme was awarded the Government Employees Medical Scheme (GEMS) Managed Care Contract, which includes additional services previously not part of the main managed care contract regarding HIV management, maternity management and expanded services relating to medicine management

AfroCentric FastPulse concluded a contract to provide COVID-19 occupational health and safety support for the Western Cape’s Economic Development and Tourism Department

Activo Health acquired Exeltis SA (the holding company of Forrester Pharma and Lamar International)

AfroCentric Health acquired the Sanlam Gap Cover business

ADS acquired the remaining 49% of the shares in Tendahealth

AfroCentric Health acquired the remaining 49% of the shares in ADS

Medscheme was awarded the full managed healthcare tender for SAMWUMED

Conclusion of Sanlam’s acquisition of a controlling shareholding in AfroCentric

Pharmacy Direct retained three provinces from the CCMDD tender and attained two additional provinces (Gauteng and North West)

Disposal of MMed

ADS was unsuccessful in retaining the Bonitas sales, marketing and distribution contract

Disposal of MMed