Life Healthcare refinances acquisition

Life Healthcare hospital
By Bianca Boorer
07 Dec 2017

South Africa’s second largest private hospital operator Life Healthcare group has signed a £350m syndicated loan to refinance its acquisition of UK-based Alliance Medical group last year.

The dual currency facility was increased from its launch amount of £250m in October as it was well received by the banks.

FirstRand Bank was bookrunner on the deal and Standard Bank, Standard Chartered, South African life insurance company Sanlam, Bank of America Merrill Lynch ...

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