A PYMNTS Company

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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

     

    Related contentA History of Evanston and Analysis of the Merger Remedy

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.