The Competition Authority of Kenya (CAK) has cleared the takeover of Bliss GVS Healthcare Nairobi, the Kenyan step down subsidiary of Indian pharmaceutical giant Bliss GVS Pharma, by Mayfair Healthcare Holdings.
The Mumbai-based firm divested from its Kenya subsidiary early this year after the sale of 51 per cent shares of Bliss GVS Healthcare Ltd Kenya to Mayfair Healthcare Holdings for $12 million (about Sh1.2 billion).
“The Competition Authority authorises the proposed acquisition… of 51 per cent shares of Bliss GVS Healthcare Ltd Kenya by Mayfair Healthcare Holding Limited,” said director-general Wang’ombe Kariuki in a gazette notice.
The transaction had been subject to clearance by the regulator.
The firm entered the Kenyan market in 2013 by rolling out medical clinics and would thereafter bag lucrative contracts.
In 2015, it won an annual service contract in relation to medical healthcare cover equivalent to $35 million (about Sh3.5 billion) in association with Aon Kenya Insurance Brokers.
This contract would cover outpatient services for more than 288,000 public school tutors under the Teachers Service Commission.
The cover was to be managed by Aon, which would benefit the principal contributor, their spouse and four children.
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