JSE-listed Bophelo increases access to healthcare

JOHANNESBURG, (CAJ News) – RH Bophelo, the black-owned investment company with an interest in healthcare assets, has listed as a special purpose acquisition company (SPAC) on the Main Board of the Johannesburg Stock Exchange.It joins five other companies in the Non-Equity Investments Instruments sector of the exchange which currently has a total market capitalisation of R2,17 billion (US$160,3 million).RH Bophelo will acquire hospitals that provide affordable healthcare in South Africa.It aims to increase access to quality healthcare among people in the lower to middle-income brackets who cannot afford private healthcare as it is currently structured in South Africa.
To achieve this, the company will invest in hospitals already in operation,brownfield projects where licenses to operate are already in place as well as in other healthcare funds and related subsectors. “All South Africans, regardless of their income status, have a right to quality healthcare services. We are proud that as the JSE we can play a part in ensuring this right through offering a well-regulated and liquid market where RH Bophelo can raise the necessary capital to realise its goals,” says Prejelin Naggan, Head of Primary Markets at the JSE.This is the ninth listing on the JSE this year and the eighth SPAC to list since introduction of SPACs in 2013.“RH Bophelo will further provide investors with access to a highly sought after asset class associated with high growth, cash generative returns and direct real asset exposure to the defensive healthcare sector,” said, Quinton Zunga, CEO of RH Bophelo.

– CAJ News

Short URL: http://cajnewsafrica.com/?p=21135

Posted by on Jul 12 2017. Filed under Africa & World, Featured, Finance, National, News, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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