November 16, 2016 / 10:41 AM / 3 years ago

BRIEF-Life Healthcare says to buy about 95 pct stake in Alliance Medical

Nov 16 (Reuters) - Life Healthcare Group Holdings Ltd :

* Entered into a definitive agreement to acquire c.95 pct of issued share capital of Alliance Medical Group Limited

* Deal for initial cash consideration of 553 mln stg, c.9.7 bln rand, deferred cash consideration up to 40 mln stg or c.0.7 bln rand

* Alliance Medical senior management will reinvest to acquire a c.5 pct stake in company alongside life healthcare Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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