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Mediclinic International plc, founded in 1983, is an international private hospital group with operations in
In 2006, Mediclinic reached agreement to acquire a controlling interest in Emirates Healthcare in Dubai, United Arab Emirates, which then owned one hospital, the rights to develop two further hospitals in the Dubai Healthcare City and five clinics.
Mediclinic acquired
Mediclinic International Official Site
{{FTSE 250 Index constituents Health care companies of South Africa Companies based in Stellenbosch Companies listed on the Johannesburg Stock Exchange South African companies established in 1983
South Africa
South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. It is bounded to the south by of coastline that stretch along the Atlantic Ocean, South Atlantic and Indian Oceans; to the ...
, Namibia
Namibia (, ), officially the Republic of Namibia, is a country in Southern Africa. Its western border is the Atlantic Ocean. It shares land borders with Zambia and Angola to the north, Botswana to the east and South Africa to the south and ea ...
, Switzerland and the United Arab Emirates
The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia ( The Middle East). It is located at t ...
. The Group's head office is based in Stellenbosch
Stellenbosch (; )A Universal Pronounc ...
, South Africa
South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. It is bounded to the south by of coastline that stretch along the Atlantic Ocean, South Atlantic and Indian Oceans; to the ...
. It has been listed on the JSE, the South African securities exchange, since 1986. It is also listed on the London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...
and it is a constituent of the FTSE 250 Index.
History
Mediclinic International was founded in 1983 inStellenbosch
Stellenbosch (; )A Universal Pronounc ...
, 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 Emirates, which then owned one hospital, the rights to develop two further hospitals in the Dubai Healthcare City and five clinics.
Mediclinic acquired Hirslanden
Hirslanden is a quarter in the district 7 in Zürich.
It was formerly a municipality of its own, having been incorporated into Zürich in 1893.
The quarter has a population of 6,859 distributed on an area of .
Hirslanden is located on the west ...
, the largest private hospital group in Switzerland, for SF2.54bn in 2007.
In June 2015, Mediclinic then acquired a 29.9% interest in 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 Bu ...
, a UK-based private healthcare group.
Mediclinic announced a reverse merger
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 compa ...
of Al Noor Hospitals in October 2015. The former Mediclinic shareholders owned up to 93% of the combined business on completion. The merger was completed on 15 February 2016.
The healthcare group officially started trading on the London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...
on 16 February 2016.
The South African arm of Mediclinic was criticised in 2021 when it emerged that controversial doctor Wouter Basson was working at one of its 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 ...
facilities.
Operations
Mediclinic also holds a 29.9% interest inSpire 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 Bu ...
, a LSE listed and UK-based private healthcare group.
References
External links
Mediclinic International Official Site
{{FTSE 250 Index constituents Health care companies of South Africa Companies based in Stellenbosch Companies listed on the Johannesburg Stock Exchange South African companies established in 1983