Growthpoint Properties has launched a healthcare property subsidiary that owns four hospitals and a medical suite, as it looks to boost its domestic income streams. MD Estienne de Klerk said that he wanted to grow Growthpoint Healthcare to be worth R10bn in about five years, after which it could be listed separately. The separate company has been launched with a R2.5bn portfolio comprising two hospitals in Cape Town and two in Durban. "SA’s healthcare industry is very large. There are three large hospital operators and then quite a few up-and-comers. "Many of these smaller, new groups have access to operating licences, but not to the capital they need to achieve the scale they want.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.