Health Plus secure funding from existing majority shareholders two years after receiving $10 million.
The funding is expected to expand the pharmaceutical’s outlets in Nigeria and aid its restructuring.
Alta Semper offered the capital at a time the investor and Health Plus founder are in a court battle.
Health Plus has secured more funding from the majority investor, Alta Semper. The undisclosed amount was disbursed to expand the operation of the Nigerian pharmaceutical company.
The retailer has over 70 outlets in Nigeria, and the investment was infused to increase Health Plus’ footprint in the local market, adding another branch to its operation.
The recent expansion comes amid a leadership tussle between Alta Semper and Bukky George, the founder of the pharmacy. Both parties are at loggerheads regarding control of the operation and currently have an ongoing court case.