Sanlam Limited, Africas leading insurer, partially owned by South African billionaire Patrice Motsepe, has struck a deal to acquire Medhold, a leading Southern African medical-devices firm, from Old Mutual Private Equity OMPE in a transaction expected to close by the fourth quarter of 2025 Q4 2025.
Under the agreement , Sanlams private equity arm will take full ownership of Medhold, a business that OMPE had built from 2018 onward, subject to customary regulatory approvals. This transaction marks a clear step by Sanlam to expand into the fast-growing healthcare sector.
A strategic move into healthcare