Mediclinic Buys Matlosana Medical Health Services

Last week Mediclinic announced the approval for the acquisition of a controlling stake in Matlosana Medical Health Services in Klerksdorp. The acquisition includes 2 hospitals, one with 185 beds and the other with 62 beds. The deal also includes a 51% stake in a 50 bed Neuro Clinic psychiatrist hospital.

This process has been going on since 2015, and finally, approval has been granted. Many large SA corporates have been criticised for not reinvesting in South Africa. Mediclinic, who already have a large presence outside of SA is taking the plunge, probably picking up these assets at a decent price. It also gives them a good presence in North West where they are underrepresented.