Mediclinic, Al Noor complete their deal

Cape Town – Al Noor Hospitals on Monday announced the completion of its reverse takeover by Mediclinic International.

Read: Mediclinic: Al Noor merged entity to debut on FTSE

Danie Meintjes, chief executive officer of the combined group as of Monday, said: “We are very pleased to have completed this deal and are excited by the opportunities it presents for future growth.”

He added that he saw “incremental advantages through increased liquidity and greater access to a global investor base and a likely reduction in cost of capital”.