Mediclinic acquires majority stake in Life Path Health
Mediclinic Southern Africa has announced that it will acquire a majority stake in Life Path Health, a mental health treatment provider which currently operates seven facilities in the Western Cape, with plans for more in other regions of South Africa.
Koert Pretorius ( pictured), Mediclinic CEO, said in a statement:
"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."
Mediclinic said it believes this acquisition will fulfill its strategic objective of expanding its offering of care services available to the South African market.
The acquisition is subject to conditions, including approval by the competition authorities.