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Yamane Medical says date change of merger with unit

Wednesday, 24 May 2017 10:42pm EDT

May 25(Reuters) - Yamane Medical Corp <2144.T>:Says it changes effective date of merger with its wholly owned unit Yaesu Cook Life Corp to July 1 from Oct. 1.Says previous plan was announced on March 16.

H.I.G. Capital announces sale of equity stake in Surgery Partners

Monday, 15 May 2017 03:24pm EDT

May 15 (Reuters) - H.I.G. Capital :Entered into an agreement to sell its existing stake in Surgery Partners Inc to Bain Capital private equity.Funding for transaction will be provided in part by Bain Capital Private Equity.Surgery partners will acquire NSH from Irving Place Capital for approximately $760 million.Surgery Partners and National Surgical Healthcare entered into a definitive merger agreement.

Life Healthcare HY HEPS declines 71.3 pct

Friday, 12 May 2017 01:05am EDT

May 12 (Reuters) - Life Healthcare Group Holdings Ltd :HY revenue up 22.6% to r9.6 billion.HY normalised EBITDA up 15.2% to r2.4 billion.Declares interim dividend of 35 cents per share.HY headline earnings per share decreased 71.3 percent to 26.7 cents.Net debt to normalised EBITDA as at 31 March 2017 was 3.99 times versus 1.67 times at 30 September 2016.Increase in net debt is primarily due to r14.6 billion raised in respect of acquisition of alliance medical.Approved r1.2 billion of its 2017 capital expenditure programme to date."General market conditions in Southern Africa are not expected to improve substantially in foreseeable future".Expect continued pressure on acute hospital volumes.Well-positioned to continue driving its complementary services business through expansion in Southern Africa and Alliance Medical.Completion of rights issue will result in group's net debt to EBITDA decreasing to approximately 2.35 times.In southern africa, group aims to add over 112 acute hospital brownfield beds in next six months.Pressure on costs and occupancies will continue; implemented measures to mitigate impact of these pressures.FY results expected to show yoy decline of more than 20% in EPS (minimum decline of 31.0 cps) and HEPS (minimum decline of 38.5 cps).Expects FY results decline due to impact of transaction costs, increased funding costs related to alliance medical acquisition, impairment of Poland.


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