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CFAO Healthcare Expands into East Africa with Full Acquisition of Goodlife Pharmacy
CFAO Healthcare has made a significant move in the East African healthcare market by acquiring 100% of Goodlife Pharmacy. This acquisition grants the company full control over pharmaceutical outlets in Kenya and Uganda, marking a strategic step in its global expansion.
The announcement was made during a press conference in Nairobi, where CFAO Healthcare CEO Jean-Marc Leccia highlighted the importance of this deal. He stated that the acquisition solidifies the company’s position in the retail health market in East Africa. “By acquiring 100 per cent of Goodlife Pharmacy, we are accelerating our transformation into a global healthcare player. Together, we will enhance accessibility, service quality, and innovation in the pharmaceutical sector,” he said.
Leccia emphasized that the company has no plans to change the ‘Goodlife’ brand name, ensuring continuity for customers and maintaining the trust built over the years. He also confirmed that the deal has received all necessary regulatory approvals and is now fully effective.
Goodlife Pharmacy, founded in 2014, has become a well-known name in Kenya, serving over 2 million patients annually. According to Justin Melvin, CEO of Goodlife Kenya, the company has established itself as a leader in the market through a comprehensive approach that combines modern retail pharmacies, rapid diagnostics, telemedicine, e-commerce, and home delivery services.
Melvin expressed his satisfaction with the acquisition, stating that Goodlife has fulfilled its mission of delivering and promoting good health and well-being. He sees the partnership with CFAO Healthcare as a positive step forward for the company’s future growth.
Dr. Biju Mohandas, CEO of LeapFrog Investments and Head of Global Healthcare Investments, praised the decision. He stated, “CFAO Healthcare is the right long-term partner to amplify Goodlife’s impact and drive the next phase of its expansion.” His confidence in the acquisition reflects the potential for further growth and development in the region.
Kenya’s retail pharmaceutical sector is a dynamic and growing market. It includes both pharmacies that dispense prescription drugs and outlets selling over-the-counter (OTC) products. According to Statista, the sector is expected to generate approximately US$1.21 billion in pharmacy retail revenue in 2025. The market is projected to grow at a compound annual growth rate (CAGR) of around 4.7% through 2029.
This acquisition not only strengthens CFAO Healthcare’s presence in East Africa but also positions it to capitalize on the region’s expanding healthcare needs. With Goodlife Pharmacy’s established infrastructure and customer base, the combined entity is well-placed to meet the rising demand for quality healthcare services.
The move underscores the increasing interest from global players in the African healthcare market. As the region continues to develop, the role of companies like CFAO Healthcare and Goodlife Pharmacy becomes even more critical in ensuring access to essential medicines and healthcare services.
With the integration of Goodlife Pharmacy into its operations, CFAO Healthcare is poised to make a lasting impact on the pharmaceutical landscape in Kenya and Uganda. The focus on innovation, accessibility, and quality service will likely shape the future of healthcare delivery in the region.
