Interswitch expands presence in health-tech segment

Photo Credit: worldstagegroup

Popular Nigerian company that concentrates on the digitization of the payment system in the country, Interswitch Limited has announced the acquisition of eClat Healthcare Limited, a Nigerian health technology company that wants to enhance healthcare delivery on the continent.

According to Interswitch, they acquired a sixty percent stake in eClat by buying shares from present shareholders and subscribing to fresh shares issued by the company.

Excerpts from their statement read, “Nigeria’s 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 modernizing the healthcare sector in Nigeria and eventually in Africa through its innovative products and services.”

“As a result of this acquisition, the combined healthcare technology solutions are expected to position the Interswitch group as a health-tech solution and payments provider of choice to the healthcare industry going forward.”

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