Hospital group Mediclinic, could pocket £287.8m (about R5.6 billion) for its stake in the UK’s Spire Healthcare Group, following an acquisition offer by Australia’s Ramsay Health Care. Mediclinic acquired its 29.9% stake in Spire in 2015, for R8.6 billion. In a statement on Wednesday, the hospital group said Ramsay had reached an agreement to acquire 100% of Spire for 249 pence per share. The Ramsay offer comes four years after Spire rejected Mediclinic’s bid to acquire it. The hospital group said its performance was impacted by Covid-19 related lockdowns and the postponement of elective surgeries, in April 2020.

Source: News 24 May 26, 2021 08:37 UTC