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Mediclinic News : Mediclinic ventures into Mental Health


Mediclinic ventures into Mental Health




News Description

BIZCOMMUNITY Private hospital group, Mediclinic Southern Africa, has acquired a majority stake in Life Path Health, a mental health treatment provider operating seven facilities currently concentrated in the Western Cape, with a further three in the process of development in other regions of South Africa. The acquisition aligns with Mediclinic’s strategic objective of expanding the basket of care services available to the South African market, while also leveraging off the experience and track record offered by Life Path Health. While it will form part of the Mediclinic offering, business will remain as is for the mental health provider with no planned structural or operational changes in the immediate future. The acquisition of the majority stake in Life Path Health is subject to the fulfilment of a number of suspensive conditions, including the approval of the transaction by the Competition Authorities. “There is a strong alignment between Life Path Health’s current healthcare offering and Mediclinic’s vision of transforming into a more integrated healthcare service provider, offering a broader range of services to our patients,” says Koert Pretorius, CEO of Mediclinic Southern Africa, Anton Rossouw, CEO and founder of Life Path Healthcare, supports the sentiment, “We see this as the next phase in our growth path and we value the positive investment from a sound business partner of Mediclinic’s calibre.” Back to top
Created at 2017/01/30 04:44 PM by Mediclinic
Last modified at 2017/01/30 04:44 PM by Mediclinic