Private hospital group Netcare has trimmed its full-year outlook. This decision follows sudden benefit adjustments by the Government Employees Medical Scheme (GEMS). South Africa’s largest medical scheme for public sector workers introduced strict cost-cutting measures. These alterations will inevitably impact patient volumes across the private hospital sector. Why Netcare Growth Expectations Were Revised Downwards The scheme’s popular Tanzanite One option…
Tag: Corporate Finance
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Adcock Ingram Takeover Gets Green Light from Shareholders
Shareholders in Adcock Ingram, the renowned South African pharmaceutical company, have decisively approved a takeover offer from Indian drugmaker Natco Pharma. This paves the way for the company to delist from the Johannesburg Stock Exchange (JSE) after 16 years. At a general meeting last week, shareholders voted 98.66% of shares in favour of the offer. The deal will see Natco…