Discovery takes aim at market inquiry over Remgro interests
SA’s biggest medical scheme administrator wants an assertion about possible anti-competitive behaviour to be withdrawn
SA’s biggest medical scheme administrator, Discovery Health, has asked the health market inquiry to withdraw its assertion that Remgro’s extensive interests in the private health-care industry, which include several of those it does business with, might lead to anti-competitive behaviour. Remgro is an investment company with health-care assets that include indirect stakes in Discovery Health, Metropolitan Health, a 42% direct interest in private hospital Mediclinic, and indirect stakes in managed health-care services, a primary provider network, pharmaceutical manufacturing, medical insurance organisations and a provider of mobile health services, according to the inquiry. Discovery Health is a subsidiary of JSE-listed insurer Discovery, and is the administrator of the Discovery Health Medical Scheme. “Concerns regarding Remgro’s indirect ownership in Discovery Limited are speculative and without foundation, and Discovery Health categorically denies that the indirect ownership by Re...
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