Giant medical scheme amalgamation going ahead

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Cape Town - The amalgamation between Bonitas Medical Fund (Bonitas) and LMS Medical Scheme (previously known as Liberty Medical Scheme) has received the stamp of approval by the Competition Commission and the Council of Medical Schemes (CMS) effective 1 October 2016.

According to a statement issued on behalf of Bonitas, it is the largest transaction of its kind in the SA healthcare industry.

Bonitas, administered by Medscheme, is SA’s second largest open medical aid with financial indicators above the legislated requirements and industry average. An open medical aid means there are no restrictions on membership based on employment or profession and it is, therefore, open to the general public.

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