Shareholder pressure behind R21bn sale of UK business, says Life Healthcare CEO
Peter Wharton-Hood says shareholders preferred to get dividends rather than wait for long-term rewards
18 February 2024 - 15:04
The CEO of Life Healthcare, one of SA’s largest private hospital groups, says its recent R21bn sale of its UK-based business Alliance Medical Group (AMG) to Icon Infrastructure was agitated for by shareholders who wanted to get dividend payouts.
Peter Wharton-Hood told corporate and investment bank Rand Merchant Bank (RMB) in a podcast last week that the company had to embark on a “reluctant seller strategy” to see the multibillion-rand transaction through...
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