In partnership with
Loading...

Netcare buys stake in General Healthcare

Jan 24 2013 10:46
I-Net Bridge

Company Data

NETCARE LIMITED [JSE:NTC]

Last traded 26
Change 0
% Change 1
Cumulative volume 4045585
Market cap 0

Last Updated: 01/01/0001 at 12:00. 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

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about: STEINHOFF

Steinhoff International, once the darling of fund managers, risks falling out of the JSE top 100.
 

Money Clinic

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

Voting Booth

If SARB keeps interest rates the same this afternoon, how will this affect your personal finances?

Previous results · Suggest a vote

Loading...