YOUR PREMIUM MEDTECH PARTNER
In July 2018, The Amayeza Group partnered with South African alternative asset manager, Ethos, on a “buy-and-build” strategy to form a consolidated, scaled South African medtech group. Together, they have established a new entity called Vertice MedTech Group (“Vertice Medtech”) and moved The Amayeza Group into Vertice Medtech to act as the foundational platform for the consolidation strategy.
Patrick Godard, Vertice Healthcare CEO said: “We are excited to be partnering with Ethos on this expansion vision and believe this transaction is a strong endorsement of the levels of service excellence that we have delivered to our stakeholders over many years. Looking ahead, we shall make significant investment in capacitating Vertice Medtech – including bolstering leadership and new products – in order to deliver our growth vision. We shall also continue growing organically and via new distributions as illustrated by recently concluded agreements with Terumo IS for Cardiology, or Medela and Matriderm for SilvoCure. We are highly confident that this long-term investment will benefit our stakeholders, employees and ultimately the patients we all serve.”
Amayeza Abantu Biomedical (Pty) Ltd, established in 1998, started by distributing medical devices from St. Jude Medical for cardiac coronary diagnostics and cardiac rhythm management. Since then the company has been growing substantially, extending its product offering into more specialities and its footprint across the SubSaharan region. The company is renowned for its ability to deliver specialist, quality, state-of-the-art medical technology and skills transfer.
The first “buy-and-build” strategy’s success is the acquisition of Legacy Medical majority shares. Legacy Medical compliments the group products and services by being focused particularly on the Minimally Invasive Surgery (MIS) market and commands a differentiated competitive position by providing high-quality, advanced surgical products and instrumentation, personalised service, professional education as well as comprehensive technical support. Like Amayeza – they have developed exceptional relationships with key healthcare professionals and hospitals in the region.