European interests drag down Mediclinic

Mediclinic International Head Office in Stellenbosch, South Africa.

South African hospital group Mediclinic has racked up accounting losses of £492m following recognition of non-cash impairment charges against Spire and its Swiss hospital group Hirslanden. The company, which acquired its 29.9% stake in Spire for £432m in 2015, said the market value of its investment was £270m in September 2017 – below the carrying…

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