Description of Activities

Description of transaction: The proposed transaction involves the acquisition by Vertice BidCo Proprietary Limited of shareholding in Vertice Medtech Holdings Proprietary Limited.

Acquiring group: The primary acquiring undertaking is Vertice BidCo Proprietary Limited, a company incorporated in terms of the laws of South Africa, and engages in the supply of pharmaceuticals, medical devices, and consumables.

Target undertaking: The primary target undertaking is Vertice Medtech Holdings Proprietary Limited, incorporated in terms of the laws of South Africa, operating as a specialised medical technology distributor and manufacturer, including specialised medical devices, healthcare products, software services, and health IT consulting; providing healthcare services, including diagnostic imaging, screening, and treatment to underserved communities through mobile units; and produces surgical drapes and distributes advanced wound care products.

Relevant market: The merging parties did not define the relevant market. 

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