Mediclinic to acquire majority stake in Life Path Health

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
(iStock)
(iStock)

Cape Town - Mediclinic Southern Africa [JSE:MEI] confirmed on Tuesday that it will acquire a majority stake in Life Path Health. Life Path Health is a mental health treatment provider which operates seven facilities currently concentrated in the Western Cape, with a further three in the pipeline in other regions of South Africa.

Mediclinic said in a statement it believes this acquisition will fulfil its strategic objective of expanding the basket of care services available to the South African market, while also leveraging off the experience and track record offered by Life Path Health.

Mediclinic CEO Koert Pretorius said: “There is a strong alignment between Life Path Health’s current healthcare offering and Mediclinic’s vision of transforming into a more integrated healthcare service provider, offering a broader range of services to our patients.”

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.15
-0.2%
Rand - Pound
19.96
-0.2%
Rand - Euro
17.19
-0.1%
Rand - Aus dollar
11.00
-0.1%
Rand - Yen
0.13
-0.0%
Gold
1,843.76
0.0%
Silver
27.42
0.0%
Palladium
2,894.50
0.0%
Platinum
1,229.50
0.0%
Brent Crude
68.71
+2.5%
Top 40
60,573
+0.6%
All Share
66,598
+0.7%
Resource 10
69,386
-0.1%
Industrial 25
83,277
+0.9%
Financial 15
12,685
+1.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1456 votes
No, I did not.
52% - 3629 votes
My landlord refused
27% - 1927 votes
Vote