DAY HOSPITALS
Battling Advanced Health seeks empowerment partners
Day surgery group Advanced Health is courting potential black economic empowerment (BEE) partners, as it sought to bolster its chances of doing business with the government, CEO Carl Grillenberger said on Thursday. “We are going to start talking to a BEE group interested in acquiring shares. The rationale is we are a South African company and would like to get patients from the state system. They will want to see a BEE grading for the company,” he said. Advanced Health was in discussion with provincial health departments to provide procedures to state patients and in the longer term hoped to get state business under the banner of National Health Insurance, Grillenberger said. Advanced Health, which has day hospitals in Australia and SA, listed on the JSE’s AltX in April 2014. Despite Advanced Health’s continued losses, Grillenberger said he was optimistic the company would break even by early in 2019. Advanced Health reported a comprehensive loss of R25.4m for the six months to Dece...
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