Ascendis Health, which has faced a tumultuous 10 years since listing on the JSE in 2013, is once again facing headwinds after tax woes forced its subsidiary, Surgical Innovations, into voluntary business rescue.
The healthcare group said on Friday that Surgical Innovations’ “onerous non-operational legacy creditor agreements” and run-ins with the SA Revenue Service have caused untenable financial strain...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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