JSE-listed Tech Firm 4Sight Holdings Buys Curo Health

4Sight Holding
• 4Sight Holdings Limited, (From Left to Right): Antonie Van Rensburg, Group CEO, 4Sight Holdings Limited; Gary Lauryssen, Group Executive - Merger & Acquisitions, 4Sight Holdings Limited; Jacques Hattingh, Group CFO, 4Sight Holdings Limited; Conal Lewer-Allen, Non-executive director, 4Sight Holdings Limited.

4Sight Holdings Limited – which is incorporated in Mauritius, seeks to enable people to make decisions in the digital economy to better the quality of their being, business, and societies – announced on Wednesday plans to buy 100% of the shares in Curo Health.

4Sight Holdings which is incorporated in Mauritius operates in telecommunications, media and property services industries, and utilising big data, machine learning, AI, blockchain technology and data science capabilities.

Curo Health will become a subsidiary of 4Sight.

Curo Health has an established track record and offers services throughout South Africa, Botswana, Swaziland and Namibia, with a National network of healthcare professionals.

Visualitics has done a large amount of work relating to health and data analytics.

“The intention is to form a health vertical within the 4Sight Holdings group in order to provide comprehensive health analytics, decision support services and other related services,” 4Sight informed investors on Wednesday.

4Sight said this health vertical will be headed up by Dr Richard Botha.

The tech company said it will pay R20 million to buy Curo Health from the vendors (NL Jackson – who owns 70% and MA Powell who has 30% shareholding).

Curo Health is a Health and Wellness management company based in Gauteng, South Africa with offices in the Western Cape, KwaZulu Natal, Eastern Cape, Limpopo and the Free State.

The Curo Health Group of companies was created in 2012 by acquiring the following legal entities as fully owned subsidiaries of Curo Health:

–    Pathology Nursing

–    Knowledge Prescription

–    Curo Clinical Research

–    Curo Laboratories

–    activeXpress Wellness

4Sight was listed in Non-Equity Investment Instruments sector of the JSE’s AltX board in last October.


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