Mediclinic is expected to follow-up its failed £1.3bn bid for UK hospital group Spire Healthcare with a higher offer, according to analysts in the UK and South Africa.
Mediclinic's shares dropped 4% as its recent struggles were highlighted in a trading statement published Tuesday, October 17, covering the six months to September 30. Revenue was flat - and underlying EBITDA down by 5%.
South African investor PSG Alpha took a 50% stake in nursing home group Evergreen Lifestyle for US$50m this month. The elderly care opportunity in the country is huge, says CEO Nico De Waal, but the problem is knowing where to start with precious little to consolidate.
RH Bophelo is South Africa's first black-owned healthcare acquisition company. It floated on the Johannesburg Stock Exchange in July, and thinks it has found its niche - targeting perviously uncatered for lower to middle income families, and consolidating the small players operating in a highly fragmented domestic market working in the shadow of the big three. Healthcare Nova caught up with CEO Quinton Zunga to find out more.
Can you make a successful business educating doctors and nurses? You can if the growth of the world’s largest higher education network, Laureate, is anything to go by. Healthcare Nova catches up with Dr. Francisco Gutierrez, senior vice president of medicine and health sciences.
South Africa’s first healthcare REIT, Growthpoint Healthcare, will launch this month promoted by the investor Growthpoint. Deal manager George Muchanya talks to Healthcare Nova about the Big Three of Netcare, Mediclinic and Life, and who else might be in the market to sell some of their assets.
A healthcare REIT being launched by South Africa’s largest property investors has a billion-Rand pipeline and wants to bankroll new entrants into the market, its manager tells Healthcare Nova.
South Africa’s largest REIT Growthpoint has launched a dedicated healthcare fund and plans to grow it to 10bn Rand ($750m) within five years, when it could get its own listing.
Having presided over a 36% drop in the value of the company's shares since taking charge just over three years ago, Life Healthcare's CEO André Meyer is to step down from his role at South Africa's second largest hospital group. In the short term, he will be replaced by current CFO Pieter van der Westhuize.
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