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.”
