• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

Netcare buys stake in General Healthcare

Jan 24 2013 10:46 I-Net Bridge

Company Data

NETCARE LIMITED [JSE:NTC]

Last traded 43
Change 0
% Change -1
Cumulative volume 3264941
Market cap 0

Last Updated: 24-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Netcare to report 26% rise in earnings

Netcare profit up 16%, outlook cautious

Netcare pledges to do more on BEE

SA performance keeps Netcare healthy

Famous Brands wins Netcare catering deal

Netcare sees earnings drop up to 20%

 

Johannesburg - 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 50.0%.

“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‚” it said. 

The transactions fall below the categorisation thresholds of the JSE Limited Listings Requirements and the announcement was made on a voluntary basis‚ it added.

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

netcare

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

10 most expensive cars In the world

This is car porn at its best!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...