Avacare Global

About Avacare Global

Avacare Global operates as an integrated multinational healthcare company, focusing on manufacturing and distributing pharmaceutical and healthcare consumable products. The company was founded in 1996 by Dr. Vikramkumar Naik, a Zimbabwean-born anesthesiologist. His experience working in under-resourced African hospitals fueled his vision to provide the continent with high-quality, yet affordable, medical goods and services. What began as a local disposable distribution company in Harare, Zimbabwe, has expanded into a pan-African entity.

The firm's business model encompasses the distribution and supply of pharmaceuticals, medical consumables, consumer health items, and medical equipment. It generates revenue by selling a wide portfolio of over 9,000 products. The company operates through a network of subsidiaries, including Avacare Kenya Limited, which handles registering, importing, marketing, and distributing healthcare products in Kenya. Avacare serves a diverse client base that includes hospitals, clinics, pharmacies, and other healthcare providers across its operational territories. A key part of its business involves strategic partnerships to distribute anti-retroviral (ARV) drugs, positioning the company as a significant player in the fight against HIV in Southern Africa. The company's operations are supported by an extensive infrastructure, including numerous warehousing facilities and manufacturing plants across Africa.

Avacare's offerings are extensive, covering numerous health areas such as pharmaceuticals, devices, diagnostics, women's health, renal care, and ophthalmology. The product list ranges from essential prescription medicines and consumer health products to medical and surgical consumables. The company has also established itself as a manufacturer, with facilities in several African countries like South Africa, Botswana, and Namibia. In 2021, Amethis, an investment fund manager, acquired a minority stake in the company. Subsequently, in 2022, the International Finance Corporation (IFC) made a $28.6 million equity investment to help Avacare expand its manufacturing and distribution footprint, particularly in East and Francophone Africa.