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NETCARE LIMITED - Voluntary disclosure regarding the final report of the UK Competition Commission

Release Date: 02/04/2014 09:45
Code(s): NTC     PDF:  
Wrap Text
Voluntary disclosure regarding the final report of the UK Competition Commission

NETCARE LIMITED
(Registration number 1996/008242/06)
Code: NTC
ISIN number: ZAE000011953
("Netcare" or "the company")


VOLUNTARY DISCLOSURE REGARDING THE FINAL REPORT OF THE UK COMPETITION COMMISSION
MARKET INVESTIGATION INTO PRIVATE HEALTHCARE


Shareholders are hereby advised that the UK Competition Commission (UK CC) published its final
report on the market investigation into private healthcare on 2 April 2014.

The final remedies do not require BMI Healthcare to divest of any hospital facilities.

Netcare is pleased that the UK CC has been able to maintain an open-minded approach throughout
this complex and wide-ranging inquiry, and has engaged openly with stakeholders to reach a
sensible, measured and fair conclusion.

Background to UK Competition Commission market investigation into private healthcare
On 28 August 2013, the UK CC published its provisional findings and started a consultation process in
relation to possible remedies arising from its provisional findings.

On 16 January 2014, the UK CC issued its provisional decision in relation to potential remedies.

A period of consultation and further consideration by the UK CC of submissions on the provisional
findings followed. On 14 February 2014, BMI Healthcare met with the UK CC to make its submission.

On 2 April 2014, the UK CC issued its final report on its findings in relation to remedies.

The above information has not been reviewed or reported on by Netcare’s auditors.

Johannesburg
2 April 2014
Sponsor
Nedbank Capital

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