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Competition Tribunal hears closing arguments for Durban hospital merger

 |  June 19, 2012

South Africa’s Competition Tribunal has heard closing arguments for the proposed merger between Life Healthcare Group and Joint Medical Holdings. Life Healthcare seeks to increase its stake in Joint Medical Holdings from 49 percent to 70; the acquisition would give Life Healthcare sole control.

The Competition Commission opposes the deal, citing the merged entity’s ability to raise prices for health care in the greater Durban area. In response, counsel for the hospitals argued that price collusion was not relevant because it was not referred to the tribunal.

Full content: Business Day


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