| Type of matter | Parties involved | Commission’s recommendation to the Tribunal | Tribunal Decision |
| Large merger | RH Bophelo Operating Company (Pty) Ltd And Rondebosch Medical Centre (Pty) Ltd and Broadcount Investment (Pty) Ltd in Respect of a Property Known As Rondebosch Medical Centre Hospital | Approve without conditions | Approved without conditions |
| Large merger | Luvon Investment (Pty) Ltd) And Investec Property Fund Ltd In Respect of Boitekong Mall | Approve without conditions | Approved without conditions |
Tribunal approves merger in market for acute multidisciplinary inpatient private hospital services
The Tribunal has unconditionally approved the large merger whereby RH Bophelo Operating Company (Pty) Ltd (RH Bophelo) seeks to acquire control of Rondebosch Medical Centre (RMC) and the property it is located on.
RH Bophelo holds various interests in independent hospital groups while RMC provides acute inpatient private hospital services including emergency, surgical, intensive care and oncology services.
The Commission, which assesses large mergers before referring them to the Tribunal for a decision, was of the view that the merger is unlikely to result in any price increases. Both RH Bophelo and RMC are affiliated to the National Hospital Network (NHN). The NHN negotiates tariffs with medical schemes on behalf of independent hospitals. Post-transaction, the status quo is expected to remain.
The Commission further found that the transaction does not raise any competition or public interest concerns and recommended approval without conditions.
Luvon Investment acquires Investec Property Fund’s shares in Boitekong Mall
Luvon Investment (Pty) Ltd is to acquire Investec Property Fund Ltd’s (IPF) share in Boitekong Mall, following the Tribunal’s unconditional approval of the transaction.
Both parties to this merger are investors in real estate and both own shares in the Boitekong Mall in Rustenburg. In this transaction, Luvon Investment is acquiring the shares in the mall that IPF intends to sell. The property is a convenience centre with space that is rented out to various tenants.
The Commission found that the proposed transaction does not raise any significant competition or public interest concerns and recommended its unconditional approval.
Issued by:
Gillian de Gouveia
Communications Officer
Tel: +27 (0) 12 394 1383
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib