RH Bophelo Limited (RH Bophelo) listed on the Johannesburg Stock Exchange (JSE) in July 2017. We raised funds in excess of R500 million and the listing gave us to access the initial capital required to start operating.
The listing opened doors for the general public to acquire shares in a fully black-owned and entirely African investment company that offers growth and immediate returns in a defensive asset class.
The Directors and the management team have significant experience in the healthcare sector and are well-positioned in the market to implement the Company’s strategy and vision.
The Company’s strategy is to identify strategic investment opportunities in the healthcare industry while also creating an ecosystem designed to optimise synergies that deliver value to South Africans in the lower to middle-income brackets.
RH Bophelo has made nine acquisitions since its inception in 2017, giving the Company access to 665 beds, 8 hospitals within four provinces, a nursing college, emergency services, pharmacy, complete facilities management, hospital management, healthcare insurance and emergency administration services.
Fast facts about healthcare in SA:
- There aren’t sufficient capital allocations for innovations.
- Public infrastructure is overcrowded.
- Most healthcare institutions in townships and rural areas across lack the necessary financial resources and capacity to function at their best.
- The lower to middle-income market can’t afford private
healthcare at the current rates, but is willing to pay for quality healthcare at a reasonable price.
- Concentration of healthcare providers or operators on a few groups with over 60% market share is unsustainable and anti-competitive.
- There is a high burden of disease in South Africa.
- There is a shortage of healthcare specialists.
RHB’s significant milestones and changes:
- In June 2017, the Company listed as a SPAC on the JSE.
- In October 2017, we announced the acquisition of assets.
- In May 2018, we obtained approval for the acquisition of the assets.
- In May 2018, we applied for a reclassification from a SPAC to an investment holding entity.
- In October 2018, RH Bophelo was classified as a Section 15 investment company by the JSE, under listed equities.
- In September 2019, we acquired 25.0% of Genric, a short-term underwriter (RH Bophelo Ltd. announced signing a share disposal agreement on 31 August 2022 that saw Old Mutual acquire 100% of Genric).
- In April 2020, we listed on the Rwanda Stock Exchange.
RH Bophelo is determined to continue targeting businesses or companies that are strategically aligned to its value system.