Ideally situated in Roodepoort on the West Rand, RH Fauchard Hospital is a 16-bed day hospital facility serving as a test-bed for our day hospital offerings.
Deal Rationale
Discovery Health has moved in excess of 2 000 procedures to day hospitals and we anticipate that other medical aids will follow suit.
Deal Metrics
Legal documentation was executed in October 2018, and we acquired 100% of Fauchard Hospital for R25 million. The property will be upgraded in order to attract more doctors. The transaction was not publicly announced as it was not deemed material. The transaction had not met all CPs by the date of this report.
