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9 months ago
South Africa's Life Healthcare to buy Britain's Alliance Medical for $727 million
November 16, 2016 / 11:06 AM / 9 months ago

South Africa's Life Healthcare to buy Britain's Alliance Medical for $727 million

JOHANNESBURG (Reuters) - South Africa private hospital group Life Healthcare (LHCJ.J) has agreed to pay up to 10.4 billion rand ($727 million) in cash for 95 percent of Britain's Alliance Medical, it said on Wednesday.

Alliance Medical, a provider of molecular and diagnostic imaging services, also operates in Italy and Ireland, the firm said.

Reporting by TJ Strydom; Editing by Tiisetso Motsoeneng

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