Life Healthcare gets nod for merger

print

Life Healthcare gets nod for merger

Published Date: 2017-06-09 | Source: Fin24 | Author: fin24 Staff

 Life Healthcare gets nod for merger

The Competition Commission on Wednesday approved, without conditions, the proposed intermediate merger whereby Life Healthcare Group intends to acquire Erf 140294 Cape Town, known as the Park.

LHG's primary business is acute hospital care and comprises a geographical spread of acute care hospitals and same day surgical centres. LHG owns and operates acute facilities in Southern Africa, with a geographic spread across seven provinces in South Africa and one facility in Botswana.

LHG's healthcare business is organised into a hospital division and a healthcare service division.

The target property is considered a Grade A office property and is currently used by LHG to house its regional offices and their Nursing College. It also accommodates therapists associated with its acute rehabilitation and renal units.

The Commission found that the proposed transaction is unlikely to substantially prevent or lessen competition. In addition, the proposed transaction does not raise any public interest concerns.