M&A / Acquisition · Africa · Announced 31 Aug 2026
CFAO Healthcare → OPHAM
M&A / Acquisition deal between CFAO Healthcare (France) and OPHAM (Madagascar), announced 31 Aug 2026. Value: Undisclosed.
Parties: CFAO Healthcare (France) → OPHAM (Madagascar)
- Deal type
- M&A / Acquisition
- Value
- Undisclosed
- Territory
- Madagascar
- Therapeutic area
- Other
- Asset
- OPHAM operating business + associated activities
- Announced
- 31 Aug 2026
Our analysis
Executive summary.
CFAO Healthcare acquired OPHAM , a historic Madagascar wholesaler-distributor (founded 1952, Antananarivo), together with associated activities inside the deal perimeter. OPHAM handles importation, storage, promotion and nationwide distribution of medicines, medical devices, parapharmaceuticals and infant nutrition. CFAO already operates in Madagascar via Laborex Madagascar , which will continue independently — so the two entities run in parallel, each under its own legal, regulatory and commercial framework. Financial terms were not disclosed.
The full analysis is free to read with a work email on this page.
Source: Afriquinfos