Reuters via Business Report

HOSPITAL group Medi-Clinic had raised its stake in Dubai's Emirates Healthcare to 50 percent plus one share, boosting its presence in the Middle East. Medi-Clinic bought a 49 percent stake in the health group last April for $46.4 million (R326 million). It said its latest share purchase took the total investment to $53.1 million. The company said in a statement that the investment in Dubai was an ideal platform to enter healthcare markets in the rest of the Gulf coalition countries and the Middle East. Emirates Healthcare is a holding company of the Dubai-based Varkey Group, a private healthcare group.