Hospital group looking decidedly peaky

Issue #124, 1st February 2010


Hospital group looking decidedly peaky

As you read this, corporate advisers are preparing strategic options for Life Healthcare, in the wake of 22% shareholder Mvelaphanda announcing last September that it was realising and unbundling its assets. One option, say market sources, is a listing on the JSE, as early as May. Another is that 21.9% shareholder Brimstone Investment might snap up Mvela’s stake, valued at around R1.6bn.

Life Healthcare Group is currently valued at around R7.4bn. Brimstone and Tokyo Sexwale’s Mvela were the leaders in a BEE consortium that acquired the group. Their mission is simply to boost the bottom line.

But who will rush to buy Life Healthcare Group shares after reading this?

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Reader's comments

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Submitted by : Pete on 2011-11-23 16:53:17
What a PR you are, Adam Pyle: "a doctor will get much more money from medical aids paying for his services than he will from the dividend at the end of the year.” - - Really? The thing, Adam Pyle, is the doctor wants BOTH, and the hospital wants his over-referrals.
 
Submitted by : Scott on 2010-02-03 12:41:54
THANK YOU THANK YOU THANK YOU!!! At last a publication has revealed the truth about the medical system.
 
Submitted by : Kent on 2010-01-28 15:57:19
There are a lot of 'fraud' going on, when my wife was pregnant with our first child, she was told 2 days before the expected birth that the baby was lying the wrong way and that the uterus was not opened enough, so she was told that she needed to have a caeserian. We were told that (since the doctor knew we were not on medical health) that if we paid cash it would cost R5.000 plus R2.500 for the anaesthetic, if we wanted to billed it would be nearly doubble. The hospial costs was billed and paid in anormal way. A few years later the same things happened again. In the years in between we had told some friends that he was a good doctor, and they went to see him, they were told that an operation was necessary and it would cost R8.000 cah plus hospital costs. Our friends thought it was expensive and they couldn't afford it, but the wife was worried and they went to another doctor a few weeks later, now they were todl it was an infection and she got antibioitics and 10 days later there was nothing wrong with her. Surely SARS should check the hospitals booking of theatres and then compare that with the doctors declared income.

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