Equity enters pharmacy business to rein in medical insurance costs

Equity Afia’s entry into pharmacy signals a push to cut drug costs and lower insurance premiums through vertical integration.

Photo credit: File

Equity Group-backed medical franchise has ventured into pharmaceuticals as it seeks to lower the cost of drugs and pass the savings on through reduced insurance premiums, giving it an advantage over other insurers.

Equity Afia has opened its first Equity Afia Pharmacy branch as it pilots entry into a business that accounts for about half of the clinics’ operating expenses.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.