A consortium comprising Salt Equity, FISEA and Jan Bosch Investment Limited (JBIL) is set to acquire the Namibian Oncology Centre (Pty) Ltd (NOC) for an undisclosed amount.
The transaction has already secured unconditional regulatory approval from the Namibian Competition Commission, paving the way for the consortium to take full control of one of Namibia’s key specialised oncology service providers, in a deal that underscores growing private equity interest in the country’s healthcare sector.
Salt Investment Holdings (SIH), part of the acquiring group, already has an established footprint in Namibia’s private healthcare market. It owns Medfam Holdings, operator of Rhino Park Private Hospital in Windhoek, which it acquired in 2024, and controls the Welwitschia Hospital Group. This includes Walvis Bay Medipark, Erongo Radiology, Otjiwarongo Medical Services, Medipark Equipment Rental and Specscare Namibia, acquired last year.
Salt Equity, managed by Salt Capital GP Ltd, deploys capital across the SADC region, while FISEA, backed by Agence Française de Développement (AFD), focuses on investments that drive employment and economic growth across Africa. JBIL targets mid-market private equity opportunities across the continent.
The Competition Commission classified the deal as a conglomerate merger and found it unlikely to substantially lessen competition or create market dominance. It also noted that the transaction raises no public interest concerns.
NOC provides specialised cancer treatment services, including radiation and clinical oncology, chemotherapy, paediatric oncology, diagnostics, rehabilitation and psychosocial care.
The acquisition comes as the oncology provider expands its footprint. The company has invested N$70 million in the development of the Namibian Oncology Centre North (NOC North), which is expected to open in August. The project is being funded through a combination of internal resources and bank financing.
The new facility will feature a chemotherapy unit with seven chairs, a private treatment room and a radiotherapy suite equipped with a linear accelerator capable of treating up to 32 patients per day.
Founded in 2015, NOC operates in Windhoek and Swakopmund and is preparing to open a northern branch in Ongwediva.
Founded in 2012, Salt Capital is a private equity investment firm focused on growth capital investments in the SADC region.
