CFAO Healthcare has acquired a 30% stake in Goodlife Pharmacies from Leapfrog Investments.
LeapFrog first invested in Goodlife in 2017, and will remain the majority shareholder, and CFAO Healthcare the second largest.
Building on this partnership, Goodlife is looking to operate more than 250 stores by 2025 and to broaden its reach to over 8.5 million people, half of whom earn between $2-10 per day.
A Fortune Impact 20 company, Goodlife was established in 2014 and has grown into the largest private pharmacy chain in East Africa, with nearly 100 locations in Kenya and in Uganda that reach 1.7 million people.
Its holistic services include basic laboratory diagnostics and telemedicine services through key partnerships, loyalty programs, and a comprehensive digital platform. During the pandemic, it has also developed a digital e-commerce platform to better serve patients.