Brimstone takes controlling stake in Obsidian Health

Investment holding company Brimstone, the biggest shareholder of Sea Harvest, said on Monday it spent R35.7m increasing its stake in Obsidian HBrimstone previously held 25% of Obsidian, which provides capital equipment and medical devices to both private and public hospitals within sub-Saharan Africa.

“Having been invested in this business for a long time, we have a deep understanding of the dynamics and metrics of this business, and will continue to add value and benefit Obsidian Health with our strong empowerment credentials,” Brey said. Brimstone was due to have a 15% stake in the consortium, and said during the release of its half-year results to end-June that exiting the deal cost it R55m.

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