Green light for Netcare’s R1.3bn Akeso buy
19 March 2018
Cape Town - The Competition Tribunal, supported by the Competition Commission, has approved the R1.3bn acquisition of Akeso Clinics by private healthcare group Netcare [JSE:NTC].
Netcare will make use of existing resources to fund the acquisition.
Akeso Clinics consists of a group of 12 dedicated mental healthcare facilities. The proposed transaction, which was first announced on 21 November 2016, will proceed as planned, Netcare and Akeso said in a joint statement on Monday.
Akeso has 811 beds in facilities located in Cape Town, George, Johannesburg, Pretoria, Nelspruit, Umhlanga and Pietermaritzburg.