Standard Bank’s role in landmark Mediclinic deal is just what the doctor ordered
In a landmark deal, Standard Bank has acted as South African Financial Advisor and JSE Transaction Sponsor to healthcare provider Mediclinic.
Mediclinic is an international private hospital group with operations in Southern Africa, Switzerland and the United Arab Emirates. It provides acute care, specialist-orientated, multi-disciplinary hospital services and related service offerings, with a focus on evidence-based care of the highest standard. Mediclinic also owns 29.7% of Spire Healthcare Group plc that provides healthcare services in the UK.
Standard Bank was the sole South African financial advisor on this landmark transaction, which provides Mediclinic with two strong committed shareholders. The bank also acted as JSE transaction sponsor to Mediclinic.
Our role was critical to the success of the transaction. We leveraged our market-leading strategic financial advisory to provide Mediclinic with meaningful support and advice on all South African regulatory aspects of this landmark deal, in order to minimise execution risk.
The transaction will enable Mediclinic to execute on its strategy and realise its full potential. The transaction will also empower Mediclinic to increase and unlock its impact across the continuum of care – both in South Africa and abroad – as a leading private healthcare provider.
Standard Bank Group is the largest African bank by assets with a unique footprint across 20 African countries. Headquartered in Johannesburg, South Africa, it is listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB.