Mediclinic International

#2596

Rank

$4.72B

MarketCap ZA

ZA South Africa

Country

Summary
Mediclinic International plc, together with its subsidiaries, operates private hospitals. The company offers specialist-orientated and multidisciplinary healthcare services under the Mediclinic and Hirslanden brand names. It operates 74 hospitals, 20 day case clinics, 22 outpatient clinics, 5 subacute hospitals, 2 mental health facilities, and 453 theatres with approximately 11,538 inpatient beds in Switzerland, South Africa, Namibia, the Middle East, and the United Kingdom. The company also provides treasury, hospital equipment and procurement, emergency medical, management, food and catering, healthcare management, and debt collection and related services; manages healthcare staff; and owns and manages properties. In addition, it engages in the intellectual property holding and medical store/procurement businesses. The company was founded in 1983 and is based in Stellenbosch, South Africa.

History

Mediclinic International was founded in 1983 in Stellenbosch, South Africa when its current chairman, Dr Edwin Hertzog, was commissioned by the then Rembrandt Group to undertake a feasibility study on how profitable private hospitals could be. Three years later Mediclinic International, running four hospitals in commission and three hospitals under construction, listed on the JSE, the South African stock exchange in 1986.

In 2006, Mediclinic reached agreement to acquire a controlling interest in Emirates Healthcare in Dubai, United Arab Emirates, which then owned one hospital, the rights to develop two further hospitals in the Dubai Healthcare City and five clinics.Mediclinic acquired Hirslanden, the largest private hospital group in Switzerland, for SF2.54bn in 2007.In June 2015, Mediclinic then acquired a 29.9% interest in Spire Healthcare, a UK-based private healthcare group.Mediclinic announced a reverse merger of Al Noor Hospitals in October 2015. The former Mediclinic shareholders owned up to 93% of the combined business on completion. The merger was completed on 15 February 2016.The healthcare group officially started trading on the London Stock Exchange on 16 February 2016.The South African arm of Mediclinic was criticised in 2021 when it emerged that controversial doctor Wouter Basson was working at one of its Western Cape facilities.


Mission
Mediclinic is an international private healthcare services group with its core purpose to deliver value for patients by providing high-quality, cost-effective, integrated healthcare services

Vision
To be respected internationally and preferred locally.

Key Team

Dr. Dirk C. Le Roux (Group Chief Information Officer)

Mr. James Arnold (Head of Investor Relations)

Ms. Clara Findlay (Chief Legal Officer of Medicalinic Southern Africa)

Mr. Wimpie Aucamp (Chief Operating Officer of Medi-Clinic for Southern Africa)

Mr. Biren Valodia (Chief Marketing Officer of Medi-Clinic Southern Africa)

Mr. Gert C. Hattingh B.Acc. (Hons), CA(SA) (Group Chief Governance Officer)

Mr. David J. Hadley (Chief Exec. Officer of Medicalinic Middle East)


Recognition and Awards
Mediclinic has been recognized with numerous awards, including the ‘Best Private Hospital Group’ from the Private Healthcare Facilities Annual Awards, the ‘Most Admired Company’ from the IJG Awards and the ‘Top 10 Healthcare Companies' from the Healthcare Global Award.

References
Mediclinic International
Leadership team

Dr. Carel Aron van der Merwe D.A. (SA), F.C.A. (SA), M.B.Ch.B. (Group CEO & Exec. Director)

Mr. Petrus Jurgens Myburgh (Group CFO & Exec. Director)

Mr. Koert H. S. Pretorius B.Compt, MBL (Group Chief Operating Officer)

Products/ Services
Health Care, Hospital, Medical
Number of Employees
20,000 - 50,000
Headquarters
Stellenbosch, NA - South Africa, South Africa
Established
1983
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
MEI.JO
Social Media
Sat Feb 24 2024
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