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Home Healthcare Markets International News HMI European interests drag down Mediclinic

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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