Non-pursual Of Acquisition By Medi-clinic And Acqu
MEDI CLINIC CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1983/010725/06)
("Medi-Clinic")
Non-pursual of acquisition by Medi-Clinic of 26% of the shares and debentures
in Curamed Holdings Limited ("Curamed") and Acquisition of Lamprecht, Neuro and
Geneva clinics
Shareholders are referred to the announcement on 8 December 2000 regarding the
proposed acquisition of 26% of the shares and debentures in Curamed and it is
hereby announced that the transaction will not continue.
Shareholders are informed that although the due diligence investigation of
Curamed yielded nothing materially, the board of directors of Medi-Clinic,
after due consideration, resolved that the potential synergies that could be
realised were not sufficient.
Simultaneously it can be announced that the board of directors has resolved to
continue with the transactions with the Lamprecht, Neuro and Geneva clinics in
George, as announced on 15 December 2000, provided that all the other
suspensive conditions are met.
Stellenbosch
13 February 2001
Joint sponsors
ABN-AMRO Securities (South Africa) (Pty) Ltd.
Registration number 1995/001231/07
Member of the JSE Securities Exchange South Africa
BoE Securities (Pty) Ltd
Member of the JSE Securities Exchange South Africa
Co. Reg. No. 1995/012240/07
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