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NTC - Network Healthcare Holdings - Acquisition of community hospital group

Release Date: 03/08/2007 08:19
Code(s): NTC
Wrap Text

NTC - Network Healthcare Holdings - Acquisition of community hospital group NETWORK HEALTHCARE HOLDINGS LIMITED (Registration number 1996/008242/06) Code: NTC ISIN number: ZAE000011953 ("Netcare" or "the Group") Acquisition of Community Hospital Group The Board of Netcare is pleased to announce that on 2nd August 2007, the Competition Tribunal ruled in favour of Netcare`s unconditional acquisition of Community Hospital Group (CHG), a black empowerment company which manages five hospitals in South Africa and in which Netcare currently owns 43,75%. Pursuant to this ruling, Netcare will acquire the remaining 56.25% of CHG and own 100% of CGH. This ruling will allow Netcare to complete its ownership of the five CHG hospitals. JOEL WOLPERT Company Secretary Tel No: (011) 301-0213 Fax No: (011) 301-0481 E-mail joel.wolpert@netcare.co.za 2 August 2007 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 03/08/2007 08:19:51 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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