Mediclinic, whose stake in Emirates Healthcare is just over 50%, said it would buy the remainder from Varkey Group and General Electric Company.

Emirates Healthcare runs two hospitals and eight clinics in the Middle Eastern nation, treating more than 600,000 patients per year.

Cape Town-based Mediclinic would fund the deal through an equity contribution of 1 billion rand ($119,13 million) and debt raised in Dubai, it said.

It said it was in advanced talks with Standard Chartered Bank about a debt funding.

Earlier this month, Mediclinic, which also operates the largest private hospital chain in Switzerland, said it would raise 5 billion rand through a rights issue to refinance debt and fund expansion.

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Sat May 18 20:41:22 SAST 2013 ::

Aug 27, 2012

7040360

wow private healthcare e na le chelete for days.....
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Aug 28, 2012

seutullamakunutu

Yeah lots and lots whilst exploiting their workers.
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