Private hospital group Life Healthcare said on Thursday it has inked a deal to sell its UK diagnostics business Alliance Medical that values it at R21.3 billion, and it intends to return the net proceeds of sale to shareholders. Life Healthcare said it intends to return the net proceeds to shareholders, the majority by way of a special dividend. This provided a strong position for diagnostic imaging, molecular imaging, and radiopharmaceutical manufacturing across the UK and Europe. Newsletter For Subscriber Weekly Business Briefing A deep dive into the big business story of the week, as well as expert analysis of markets and trends. Life Healthcare said the deal, still subject to shareholder approval, would unlock value for shareholders, while - among other things - it would significantly cut its international debt.

Source: News 24 October 05, 2023 16:34 UTC