Just a month after returning R10bn to shareholders Life Healthcare, one of SA’s largest private hospital groups, has signed a R13.9bn deal to sell its Life Molecular Imaging (LMI) to Lantheus Radiopharmaceuticals UK, with the proceeds set to be returned to shareholders.

The deal also marks a major upside for shareholders after the group invested just $70m (R1.3bn) in the business since buying it. The JSE-listed group will receive $350m upfront, with a potential to earn a further $400m linked to milestones of future sales of LMI products up to 2034, it said on Monday...

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