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: hospital groups
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Mediclinic Restructuring: Remgro Takes Full Control In SA
Remgro and Investment Holding Limited (IHL) have signed an implementation agreement to restructure their shared interests in Mediclinic Holdings. The move would split the combined group along geographic lines. Remgro would become the sole owner of Mediclinic Southern Africa (MCSA). IHL would take 100% of Hirslanden, Mediclinic’s Swiss business. Remgro, chaired by Johann Rupert, and IHL currently each hold 50%…
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Life Healthcare seals deal on cancer-screening tool
Life Healthcare’s subsidiary, Life Molecular Imaging (LMI), has successfully sub-licensed its early-stage novel radiotherapeutic and radio diagnostic products (RM2) to the US-based Lantheus Holdings. This significant transaction follows Life Healthcare’s decision to retain LMI within its portfolio after selling Alliance Medical Group for R21 billion. Under the terms of the agreement, Lantheus will pay an upfront fee of $35 million…