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Life Healthcare shares soar on news of interest in its imaging business

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Private hospital group clarifies that several unsolicited offers have been made for UK-based Alliance Medical Group

Private hospital group Life Healthcare’s announcement on Wednesday that it had received several unsolicited offers for its UK imaging business sent its share price soaring by the most in more than two years.

Life Healthcare’s core business is the 66 private hospitals it operates in SA, but it also owns UK-based Alliance Medical Group , a diagnostic and imaging company that provides services in the UK, Ireland, Italy and several other European countries. It acquired AMG in 2016, and it has accounted for about 28% of group revenue in the year to September 30 2022...

 

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