Venture Partners Botswana (VPB) and the Botswana Medical Aid Society have purchased a 90 percent stake in Medical Rescue International (MRI) Botswana, completing the delisting of the South African nation’s emergency medical service provider.
The shares were purchased by Southview, a partnership between VPB’s first fund and the Botswana Medical Aid Society, from MRI Holdings and BlueCross.
Based in Gaborone, MRI Botswana specialises in executing emergency medical rescue operations throughout the country. The company’s products and services include a 24-hour emergency call centre, employee wellness managementand first aid training.
MRI Botswana also possesses a fleet of rapid response vehicles, ambulances and access to fixed wing aircraft or helicopters for emergency evacuations. The company was the first emergency rescue operation in the world to go public when it listed on the Botswana Stock Exchange in September 1998, according to a statement from VPB.
VPB is a Gaborone-based private equity firm is led by Anthony Siwawa, former consultant and financial management specialist for Deloitte and Touche in South Africa. The firm finished fully investing its first fund, which closed on $40 million, last year. VPB held a first close on its second fund on €60 million in the third quarter of this year, according to the firm’s website.