Healthcare group Netcare [JSE:NTC] has agreed to acquire Brockton Capital’s
stake in General Healthcare Group (GHG) for a cash consideration of £11m.
The company has simultaneously agreed to sell to its other
GHG partners - Apax Partners and London & Regional Properties - certain
interests in the GHG property companies which house the 35 properties acquired
in 2006‚ previously managed by Brockton Capital‚ Netcare said on Thursday.
As a result of the transactions‚ Netcare's beneficial
interest in BMI OpCo‚ the operating company within the GHG Group‚ and GHG
PropCo 2‚ which consists of six hospital properties acquired from Nuffield in
2008‚ is now 53.72% and its beneficial interest in GHG PropCo 1 remains at
“Effective immediately‚ Brockton Capital‚ and any entities
advised by Brockton Capital‚ no longer maintain any involvement with GHG‚ its
operating brand BMI Healthcare‚ or any other related holdings or subsidiaries‚”
The transactions fall below the categorisation thresholds of
the JSE Limited Listings Requirements and the announcement was made on a
voluntary basis‚ it added.
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