Mediclinic International

Mediclinic
Public
Traded as JSE: MDC
Industry Hospital management
Founded 1983
Headquarters Stellenbosch, South Africa
Key people
 Edwin Hertzog (Chairman)
Danie Meintjes (CEO)
Revenue ZAR 35,238 million (2015)[1]
ZAR 5,723 million (2015)[1]
ZAR 4,535 million (2015)[1]
Slogan "Expertise you can trust"
Website www.mediclinic.com
Mediclinic head office in Stellenbosch

Mediclinic International, founded in 1983, is an international private hospital group with operations in South Africa, Switzerland and the United Arab Emirates, and listed on the JSE, the South African securities exchange, since 1986. The Group's head office is based in Stellenbosch, South Africa.

History

Mediclinic International was founded in 1983 when its current chairman, Dr Edwin Hertzog, was commissioned by the then Rembrandt Group (now Remgro Group) to undertake a feasibility study on how profitable private hospitals could be. Three years later Mediclinic International, running four hospitals in commission and three hospitals under construction, listed on the JSE, the South African stock exchange in 1986.[2]

Mediclinic acquired Hirslanden, the largest private hospital group in Switzerland, for SF2.54bn in 2007.[2]

Mediclinic announced a merger with Al Noor Hospitals in October 2015.[3] The former Mediclinic shareholders owned up to 93% of the combined business on completion.[3] The merger was completed on 15 February 2016.[4]

Operations

Mediclinic had 68 hospitals, including 52 in South Africa, 14 in Switzerland and two in the United Arab Emirates in 2012.[2]

References

  1. 1 2 3 "Annual Report 2015" (PDF). Mediclinic International. Retrieved 3 February 2016.
  2. 1 2 3 "Mediclinic gains from R29bn refinancing". Financial Mail. 11 September 2012. Retrieved 3 February 2016.
  3. 1 2 "Mediclinic International and Gulf group Al Noor agree on tie-up". Business Day Live. 14 October 2015. Retrieved 3 February 2016.
  4. ↑ "Al Noor Hospitals completes merger with Mediclinic". Digital Look. 15 February 2016. Retrieved 15 February 2016.

External links

This article is issued from Wikipedia - version of the Tuesday, February 16, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.