Cipla Medpro South Africa acquires 30% of Brandmed

Cipla Medpro South Africa will acquire 30% of Brandmed, a South African based healthcare company. Brandmed was established in 2014 and has developed outcome value-based care solutions for patients with chronic lifestyle and non-communicable diseases (NCDs) such as hypertension, diabetes, high cholesterol, asthma and chronic obstructive pulmonary disease. The Brandmed ecosystem integrates connected solutions in the healthcare system for healthcare professionals, practices, institutions and patients. Kardio Group, a subsidiary of Brandmed was awarded the prestigious Frost & Sullivan South African Internet of Medical Things South Africa, award in 2019 due to its product innovation. Cipla Medpro is the third largest healthcare company in South Africa. The amount concluded for the acquisition was not disclosed.

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