Welcome to the Doctors' Portal
00:00 Sunday
Mediclinic News : Patrice Motsepe’s plan for cheaper private healthcare

Title

Patrice Motsepe’s plan for cheaper private healthcare

Date

2016-10-27

Link

News Description

DESTINY MAN Business tycoon Patrice Motsepe has launched a new company, ARC Health, which he wants to use to reform the private healthcare sector in SA In an interview with Business Day, Motsepe said he wants ARC Health to become a game-changer in an industry that is criticised for being exorbitantly expensive. He believes his team, headed jointly by Johan van der Merwe and Johan van Zyl as well as former Afrocentric Investment Corporation CEO Dewald Dempers – who has extensive industry experience heading Medscheme – will play a meaningful role in ultimately minimising the cost of private healthcare in South Africa. “ARC Health plans to be a serious catalyst and player in this space,” Motsepe was quoted saying. The plan is to work with businesses focused on improving and restructuring the private health industry in terms of its business models and practices as well as the public healthcare system to consolidate government spending with a special focus on legislated compensation for injuries and other related costs. “The ARC Health team has a track record in constantly challenging historic and current healthcare business systems that result in inefficiencies and unjustifiable costs. It is concentrating its efforts in both the private and public healthcare sector where inefficiencies result in unjustifiable costs,” Dempers was quoted saying in the report. “ARC Health will endeavour to create a platform to see opportunities and initiatives to redress healthcare spend and ultimately to reduce the cost of healthcare to ordinary citizens.” Officially launched in April this year, ARC is a subsidiary of Ubuntu-Botho Investments (UBI), a broad-based black empowerment investment holding company that is Sanlam’s empowerment partner and has in excess of R10 billion in its treasure chest to invest in a range of sectors – from health management to property – both in SA and the rest of the continent. Since its launch, the company has been on a buying spree, acquiring stakes in a wide range of business portfolios, including an 18,1% stake in telecommunications company Metrofibre Networx, a 20% shareholding in the plush Paarl residential estate Val de Vie as well as an 18,36% shareholding in industrial minerals and construction supplier Afrimat. Last month the investment company confirmed the acquisition of a 10% stake in the African operations of financial services firm Alexander Forbes.
Created at 2016/10/31 09:05 AM by Mediclinic
Last modified at 2016/10/31 09:05 AM by Mediclinic