Private hospital group Life Healthcare has delighted investors by declaring a special cash dividend of 235c per share. This move follows the finalised disposal of the group’s entire interest in its Life Molecular Imaging (LMI) business to Lantheus Radiopharmaceuticals UK. The JSE-listed group confirmed the landmark R13.9bn deal. They committed to returning the proceeds directly to shareholders. Management anticipated closing…
Tag: Shareholder Value
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Bidvest’s Role in Adcock Ingram Takeover Bid
In a striking case of corporate déjà vu, South African pharmaceutical firm Adcock Ingram is once again the subject of a foreign takeover bid. However, the script has been flipped. Bidvest, the conglomerate that positioned itself as the company’s patriotic saviour over a decade ago, is now orchestrating its sale to an overseas partner. This culminates in a patient power…