Spire Healthcare rejects Mediclinic takeover, sales soar
Recent news that UK based Spire Health has rejected South African group Mediclinic’s cash and stock offer has led shares to soar by over 10%.
Established back in 2007, Spire Health has 39 hospitals under its umbrella, as well as 10 clinics and two specialist cancer care centres across the UK. With nearly 4,000 consultants, it is one of the leading private healthcare companies in the country.
Mediclinic is currently the company’s largest shareholder at around 30%, but this could be set to be overhauled following this refusal. The company has reportedly claimed to be now “considering its position,” regarding the matter.
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It currently operates a number of private hospitals across Africa, Europe and the UAE, but the possible acquisition of Spire would open up further revenue and provider an increased market presence in the UK.
The company could be set to revise its bid for Spire, and has led to growing interest surrounding Spire’s long -term potential in the UK healthcare market.
At present, Spire has responded to state that Mediclinic’s offer, where it has valued Spire at 300p per share, to be heavily undervaluing what Spire can offer patients and stakeholders long-term despite current economic uncertainties.
Dubai's new smart neuro spinal hospital: need to know
We take a look at Dubai's new smart hospital.
What: The Neuro Spinal Hospital and Radiosurgery Centre is a new hospital featuring state-of-the-art technology for spinal, neurosurgical, neurological, orthopaedic, radiosurgery and cancer treatments. The 700 million AED hospital, (equivalent to £138 million), has 114 beds, smart patient rooms, and green spaces for patient rehabilitation, and is four times the capacity of its former premises in Jumeirah. It is also the UAE’s first hospital to have surgical robots.
Where: The hospital is located in the Dubai Science Park. Founded in 2005, Dubai Science Park is home to more than 350 companies from multinational corporations in life sciences, biotechnology and research; over 4,000 people work here each day.
Who: The UAE's Neuro Spinal Hospital and Radiosurgery Centre was first established in Jumeirah in 2002 by Dr. Abdul Karim Msaddi, as the first as the first "super-specialty" neuroscience hospital.
Why: With advanced diagnosis and robotics, the hospital will provide care across neuroscience, spine, orthopaedics and oncology for people residing in the UAE, as well as international patients.
Prof. Abdul Karim Msaddi, Chairman and Medical Director of the hospital, said: “We are proud to bring world-class healthcare services to Dubai and believe our next-generation hospital will be a game-changer for the emirate’s and the region’s medical industry.
"It will not only significantly increase the availability of specialist neuroscience and radiosurgery treatments and provide better patient care but help attract and develop local and international talent. Investing in the new centre represents our continued faith in the resilience of the region’s economy, as well as a testament to our ongoing drive towards healthcare innovation in the UAE.”