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Mediclinic International
Mediclinic International plc, founded in 1983, is an international private hospital group with operations in South Africa, Namibia, Switzerland and the United Arab Emirates. The Group's head office is based in Stellenbosch, South Africa. It has been listed on the JSE, the South African securities exchange, since 1986. It is also listed on the London Stock Exchange and it is a constituent of the FTSE 250 Index. History Mediclinic International was founded in 1983 in Stellenbosch, South Africa 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. In 2006, Mediclinic reached agreement to acquire a controlling interest in Emirates Healthcare in Dubai, United Arab Emira ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalis ...
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Remgro
Remgro Limited is an investment holding company based in Stellenbosch, South Africa. It has interests in banking, financial services, packaging, glass products, medical services, mining, petroleum, beverage, food and personal care products. In 2015, Forbes listed Remgro as the 9th biggest publicly traded company in South Africa and 1436th in the world. History Remgro traces its roots from Voorbrand Tobacco Company (renamed Rembrandt Trust in 1948) that was founded in the 1940s by Dr Anton Rupert. Remgro was incorporated in 1968 as Rembrandt S.A. Limited (Remsa), a wholly owned subsidiary of JSE listed Rembrandt Group. In 2000, the Rembrandt Group of companies underwent a corporate restructure that led to the consolidation of the group's investments from four to two publicly traded holding companies i.e. Remgro and VenFin. VenFin acquired the group's technology-orientated assets while Remgro acquired the traditional assets. After the spin-off of the BAT stake in 2008, Re ...
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Companies Based In Stellenbosch
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pe ...
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Health Care Companies Of South Africa
Health, according to the World Health Organization, is "a state of complete physical, mental and social well-being and not merely the absence of disease and infirmity".World Health Organization. (2006)''Constitution of the World Health Organization''– ''Basic Documents'', Forty-fifth edition, Supplement, October 2006. A variety of definitions have been used for different purposes over time. Health can be promoted by encouraging healthful activities, such as regular physical exercise and adequate sleep, and by reducing or avoiding unhealthful activities or situations, such as smoking or excessive stress. Some factors affecting health are due to individual choices, such as whether to engage in a high-risk behavior, while others are due to structural causes, such as whether the society is arranged in a way that makes it easier or harder for people to get necessary healthcare services. Still, other factors are beyond both individual and group choices, such as genetic disorders. ...
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Western Cape
The Western Cape is a province of South Africa, situated on the south-western coast of the country. It is the fourth largest of the nine provinces with an area of , and the third most populous, with an estimated 7 million inhabitants in 2020. About two-thirds of these inhabitants live in the metropolitan area of Cape Town, which is also the provincial capital. The Western Cape was created in 1994 from part of the former Cape Province. The two largest cities are Cape Town and George. Geography The Western Cape Province is roughly L-shaped, extending north and east from the Cape of Good Hope, in the southwestern corner of South Africa. It stretches about northwards along the Atlantic coast and about eastwards along the South African south coast ( Southern Indian Ocean). It is bordered on the north by the Northern Cape and on the east by the Eastern Cape. The total land area of the province is , about 10.6% of the country's total. It is roughly the size of England or the ...
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Wouter Basson
Wouter Basson (born 6 July 1950) is a South African cardiologist and former head of the country's secret chemical and biological warfare project, Project Coast, during the apartheid era. Nicknamed "Dr. Death" by the press for his alleged actions in apartheid South Africa, Basson was acquitted in 2002 of 67 charges, after having been suspended from his military post with full pay in 1999. Among other charges, Basson was alleged to have supplied a "lethal triple cocktail of powerful muscle relaxants which were used during Operation Duel (the systematic elimination of SWAPO prisoners of war and South African Defence Force ADFmembers who posed a threat to South African covert operations). The United Nations report "Project Coast: Apartheid's Chemical and Biological Warfare Programme." identifies the triple cocktail as ketamine, succinylcholine, and tubocurarine. In 2021, the revelation that he was working at a Western Cape Mediclinic facility caused consternation and protests ...
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Al Noor Hospitals
Al Noor Hospitals Group plc was a business operating medical-surgical facilities located in Abu Dhabi City, United Arab Emirates. The company transformed healthcare in Abu Dhabi under the leadership of Dr Kassem Alom and Sheikh Mohammed Bin Butti and for many years the company was the largest healthcare operator in Abu Dhabi: it had a market share of 39% at the time of its initial public offering. It also provided support for several major humanitarian operations in the region including relief for the victims of Bam earthquake in southern Iran in 2003 and setting up the Emirates International Humanitarian Mobile Hospital in the remote town of Juba in southern Sudan in 2009. It was listed on the London Stock Exchange until it merged with Mediclinic International in a transaction which valued Al Noor Hospitals at £1.4 billion (US$2.1 billion) in February 2016. History The company was first established as an eight-bed operation on Hamdam Street in Abu Dhabi by Dr Kassem Alom and S ...
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Reverse Takeover
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company. Process In a reverse takeover, shareholders of the private company purchase control of the public shell company/ SPAC and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. The transaction involves the private and shell company exchanging information on each other, ne ...
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Spire Healthcare
Spire Healthcare Group plc is the second-largest provider of private healthcare in the United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History Spire Healthcare was formed from the sale of Bupa Hospitals to Cinven in 2007, followed by the purchase of Classic Hospitals and Thames Valley Hospital in 2008. It was the subject of an initial public offering in July 2014. Facilities Spire Healthcare operates a network of 38 private hospitals and ten clinics across the UK, as well as the London Fertility Centre. In December 2022, it was announced Spire had acquired The Doctors Clinic Group, an occupational health services provider with over 700 corporate clients and operating 22 private GP clinics in the UK. Ian Paterson Ian Paterson, a breast surgeon who worked at Bupa hospitals in Solihull and Sutton Coldfield, latterly run by Spire Healthcare, was convicted of 17 counts of wounding with intent to cause grievous bodily harm an ...
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Hirslanden Private Hospital Group
Hirslanden is Switzerland's largest private hospital group. As of 1 July 2017, the Hirslanden Private Hospital Group consists of 17 hospitals in 11 districts, many of which have an integrated outpatient surgery centre and emergency department. It has around 2 000 affiliated doctors and 9 920 permanent employees, 484 of whom are doctors. During the 2016/17 financial year, Hirslanden recorded a turnover of CHF 1'704 million. The distribution of patients for this year included 44.8% of patients with basic insurance, 31.2% of patients with semi-private insurance and 24,0% of patients with private insurance. The Hirslanden Private Hospital Group was formed in 1990 following the merger of several private clinics. The South African hospital group Mediclinic International bought it in 2007. Hirslanden is among the largest private hospital groups in Europe with over 100'000 inpatients for the 2016/17 period. Location of the different clinics History The name Hirslanden comes fro ...
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Rembrandt Group
The Rembrandt Group, officially known as Rembrandt Trust (Proprietary) Limited, is a South African tobacco and industrial conglomerate founded by Afrikaner tycoon Dr Anton Rupert who oversaw its eventual transition to the industrial and luxury branded goods sectors. Rembrandt was split into Remgro (an investment company with financial, mining and industrial interests) and Richemont (a Swiss-based luxury goods group). History Dr Rupert originally established the tobacco company "Voorbrand" in the 1940s. He soon renamed it Rembrandt Ltd. The first Rembrandt cigarettes were manufactured in an old flour mill in Paarl. Four years later Rupert introduced the world to the first king-sized cigarette filter. It was a wild success and it was on the back of this and a R1,5 million loan from Sanlam that Rembrandt's vast overseas empire was built. In 1968, it incorporated Remgro as an investment holding company with interests in financial, mining and industrial interests. In 1972, Rembrandt's ...
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