Netcare Ltd (NTCJ.J)
16 Feb 2018
* NETCARE'S FY2017 FINANCIAL PERFORMANCE MEANT THAT BMI'S FINANCING FACILITIES NEEDED TO BE AMENDED
JOHANNESBURG, Nov 20 South African private healthcare operator Netcare will restructure its operations in Britain, its chief executive said, after the group reported a drop in annual profit due in part to belt-tightening by the UK's National Health Service.
JOHANNESBURG, Nov 20 South Africa's second-largest private hospital firm Netcare on Monday reported a 7 percent drop in full-year profit as tighter medical spending hurt its business both at home and in the United Kingdom.
Britain's Spire Healthcare has rejected a full takeover offer from South African private hospitals operator Mediclinic International , which already owns nearly 30 percent of its stock, sending its shares up 12 percent.
* Mediclinic has to Nov. 20 to either make firm offer or walk away (Adds share movement, context, analyst comments)
Sept 28 The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Thursday:
JOHANNESBURG, Sept 28 South Africa's Netcare will buy the rest of Britain's BMI Healthcare from private equity firm Apax and other partners in an all-share deal, the company said on Thursday.
* NETCARE LTD - GUIDED FULL-YEAR EBITDA MARGINS WOULD REMAIN BROADLY IN LINE WITH FIRST HALF EBITDA MARGIN OF 21.1% AND THIS GUIDANCE REMAINS INTACT