NAMIBIA – Private equity firm Eos Capital has announced it is in talks to acquire a minority stake in Erongo Medical Group (Pty) Ltd, the owners of the Welwitschia Hospital at Walvis Bay in Namibia.
The transaction will cost several millions, and the deal is expected to be closed next week.
The Namibian reported that the price and shareholding are yet to be made public.
Erongo Medical Group (EMG) does not only run the Welwitschia Hospital, but also has Erongo Radiology, Ongwediva Medipark, and Medixx Occupational Health Services under its wings.
Matthias Braune, EMG’s chief executive officer, said his company is excited to have Eos Capital as a partner, and it will be good to see them adding value by providing strategic and transaction advisory support to enable the group to grow organically and inorganically – thereby building a scaled regional healthcare company.
“Eos Capital is looking forward to building on this foundation and strengthening the healthcare sector in Namibia”
Ekkehard Freiedrich – Eos Capital partner
Ekkehard Friedrich, an Eos Capital partner leading the transaction, said his company is looking forward to building on this foundation and strengthening the healthcare sector in Namibia.
Namibia’s health sector over the years has emerged as one of the investment areas attracting private capital.
However, public health has been a struggle.
EMG is a Namibian Walvis Bay-based private healthcare group, which started out as a radiology centre at Walvis Bay in 1998.
It has since branched out to own the Welwitschia Hospital and has interests in several other healthcare entities.
Since its inception in 1994, its mission has changed from distributing pharmaceuticals, equipment, and medical devices, to “Making a Difference” in healthcare by providing world-class medical solutions to the local market.
With a more focused marketing approach, Erongomed has become a reliable partner in the Namibian healthcare sector.
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