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Mediclinic fails to excite

Mediclinic fails to excite

The introduction of a new outpatient tariff on hospitals in Switzerland has proven a problem for Mediclinic (MDC). The private healthcare provider (which makes 47 per cent of its revenues and adjusted cash profits in Switzerland) has been forced to take a £644m impairment on the value of the property and intangible assets of its Swiss business, sending it into an operating loss position of £288m. Not the ideal results for chief executive Danie Meintjies to take his leave.

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