S.Africa’s Mediclinic obtains Dubai lab operations - CNBC Africa

S.Africa’s Mediclinic obtains Dubai lab operations

Southern Africa

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Mediclinic International obtained Mediclinic Welcare Hospital and Mediclinic Al Sufouh in Dubai.

The private hospital group acquired Mediclinic Welcare Hospital and Mediclinic Al Sufouh for a cash consideration of 95 million Arab Emirates dirham, with effect from 1 October 2013.

“The acquisition is expected to add 19 million Arab Emirates dirham of annualised incremental earnings before interest, taxation, depreciation and amortisation (EBITDA),” Mediclinic said.

“The acquisition supports the strategy of Mediclinic Middle East to establish a centralised and reference laboratory that will yield operational and clinical benefits.”

Mediclinic has operating platforms in the United Arab Emirates as well as in South Africa, Namibia and Switzerland, and employs more than 23,000 staff members.  

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