{"id":13949,"date":"2012-08-27T15:18:47","date_gmt":"2012-08-27T13:18:47","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/update-1-s-africas-mediclinic-pays-223-mln-for-all-of-dubai-op\/"},"modified":"2012-08-27T15:18:47","modified_gmt":"2012-08-27T13:18:47","slug":"update-1-s-africas-mediclinic-pays-223-mln-for-all-of-dubai-op","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africas-mediclinic-pays-223-mln-for-all-of-dubai-op\/","title":{"rendered":"UPDATE 1-S.Africa&#8217;s Mediclinic pays $223 mln for all of Dubai op"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* To fund deal through equity and debt<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* In talks with Standard Chartered over debt funding<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Aug 27 (Reuters) &#8211; South Africa&#8217;s No. 2 private hospital group by value Mediclinic is to pay $223.6 million to buy out minorities in its Middle East business, it said on Monday, giving it full control of Dubai&#8217;s biggest private healthcare operator.<\/p>\n<p><span><\/span><\/p>\n<p>Mediclinic, whose stake in Emirates Healthcare is just over 50 percent, said it would buy the remainder from Varkey Group and General Electric Company.<\/p>\n<p><span><\/span><\/p>\n<p>Emirates Healthcare runs two hospitals and eight clinics in the Middle Eastern nation, treating more than 600,000 patients per year.<\/p>\n<p><span><\/span><\/p>\n<p>Cape Town-based Mediclinic would fund the deal through an equity contribution of 1 billion rand ($119.13 million) and debt raised in Dubai, it said.<\/p>\n<p><span><\/span><\/p>\n<p>It said it was in advanced talks with Standard Chartered Bank about a debt funding.<\/p>\n<p><span><\/span><\/p>\n<p>Earlier this month, Mediclinic, which also operates the largest private hospital chain in Switzerland, said it would raise 5 billion rand through a rights issue to refinance debt and fund expansion.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* To fund deal through equity and debt * In talks with Standard Chartered over debt funding JOHANNESBURG Aug 27 (Reuters) &#8211; South Africa&#8217;s No. 2 private hospital group by value Mediclinic is to pay $223.6 million to buy out minorities in its Middle East business, it said on Monday, giving it full control of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13949","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13949"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13949\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}