In a landmark move, Grinta, a prominent healthcare and pharmaceutical solutions company, has acquired Citi Clinic, a well-regarded primary healthcare service chain in Egypt. This acquisition brings with it access to over 150,000 patients, bolstering Grinta’s presence in the healthcare sector and solidifying its commitment to providing accessible, quality care.
The acquisition coincides with a strategic funding round led by Beltone Venture Capital and Raed Ventures, securing Grinta undisclosed capital to further its growth.
Grinta’s Co-founder and CEO, Mohamed Azab, emphasized the transformative nature of the acquisition: “This step allows us to integrate offline and online services, reshaping how healthcare is accessed and delivered. It’s a significant leap into the care market, setting the stage for broader impact.”
This aligns with a global trend where B2B pharmaceutical distributors are shifting toward consumer-focused healthcare services. Inspired by industry models like McKesson and Walgreens, Grinta is now focusing on expanding both physical and digital healthcare services in Egypt and East Africa.
In tandem with this new direction, Grinta has exited its B2B retail pharmaceutical distribution business in Egypt, signaling its full commitment to the care sector.
Ali Mokhtar, Managing Director of Beltone Venture Capital, highlighted the strategic vision: “This shift reflects Grinta’s ability to adapt and thrive, positioning itself as a regional healthcare leader.”
Wael Nafee of Raed Ventures expressed confidence in Grinta’s innovation-driven approach: “We’re excited to support their ambitious plans to improve healthcare access across emerging markets.”
In East Africa, Grinta’s expansion strategy includes exporting pharmaceutical products, forging partnerships with Egyptian manufacturers, and establishing a pharmacy chain in Tanzania using a buy-and-build model.
With these advancements, Grinta is charting a bold course in reshaping healthcare in emerging markets. Its entry into primary care represents a meaningful shift toward patient-centric solutions and a mission to ensure better healthcare access for all.
