No need to break up private hospital groups, says health market inquiry

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Singapore News News

The Competition Commission has backed down on its initial recommendation of divestiture for Netcare, Life Healthcare and Mediclinic

The Competition Commission’s health market inquiry has backed down on its recommendation that SA’s biggest private hospital groups sell off some of their assets to enhance competition in the sector.

In its interim report, published last July, it found competition in the private hospital market had largely failed, partly because it was such a highly concentrated market, dominated by the three JSE-listed groups. The health market inquiry's own dataset on estimated hospital beds by hospital group. Picture: Competition Commission

It also recommends the Competition Commission review its approach to “creeping mergers” to address the high level of concentration in the market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WATCH: No need to break up private hospital groups, health market inquiry findBusiness Day TV unpacks the findings of the Competition Commission’s health market inquiry with panel member Ntuthuko Bhengu
Source: BDliveSA - 🏆 12. / 63 Read more »

No need to break up private hospital groups, says health market inquiryThe Competition Commission has backed down on its initial recommendation of divestiture for Netcare, Life Healthcare and Mediclinic
Source: BDliveSA - 🏆 12. / 63 Read more »

Private sector reforms vital for NHI, says health market inquiryThe health market inquiry's final report still recommends measures to manage costs and quality, but no longer calls for divestiture in the private hospital sector
Source: BDliveSA - 🏆 12. / 63 Read more »