The transaction supports Life Healthcare as it continues as a leading, diversified, and integrated healthcare services provider in southern Africa and will provide shareholders of Life Healthcare with the opportunity to unlock material value in AMG by realising a significant premium to the estimated value of AMG reflected in Life Healthcare’s share price prior to the transaction, as well as the ability to return capital to shareholders via a special dividend and/or share buyback programme.

Life Healthcare is one of the largest private healthcare providers in southern Africa, primarily serving the private medically insured market and has over 40 years’ experience in the private healthcare sector.

Matthew Appleton, Global Head of Healthcare Transactions at A&O, commented: “We are delighted to have supported Life Healthcare on this strategically important transaction, which further demonstrates the strength and expertise of A&O’s Healthcare Transactions Team”.

The deal was led by Matthew Appleton and counsel Gareth Irving, alongside senior associate Aoife Mac Dermott and associates Andrew Boyce, Isabelle Graves and Victoria King.