Interswitch Expands Presence in Health-Tech Space Through Acquisition Of eClat

Limited, a leading technology-driven company focused on the digitization of
payments in Nigeria and other African countries, has announced the acquisition
of eClat Healthcare Limited, a Nigeria-based health technology company that
aims to improve healthcare delivery in Africa. The deal was completed on
September 30, 2019, and it involves Interswitch acquiring a 60% stake in eClat
through the purchase of shares from current shareholders and subscription to
new shares issued by the company.

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Founded in
2012, eClat Healthcare Limited specializes in assisting healthcare service
providers in planning, designing and operating their unique practices through
the deployment of its bespoke healthcare technology platform, designed specifically
for the healthcare environment in Africa. eClat’s healthcare technology
platform, consists of a core e-Clinic software (including electronic billing,
immunization, ante-natal and care pathway functions), as well as a variety of
additional specialist modules. Prior to the acquisition, eClat’s platform had become
a leading Electronic Health Record (EHR) platform used in over 250 public and
private healthcare facilities in Nigeria.

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healthcare system currently lacks adequate funding and a national framework,
leading to operational inefficiencies. Interswitch’s strategic investment in healthcare technology aims to address these
challenges by modernising the healthcare sector in Nigeria and eventually in
Africa through its innovative products and services. The combined
product offerings of Interswitch and eClat are expected to, amongst other
things, enable …read more

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Source:: MediaCraft