Mediclinic opts for full acquisition price instead of paying final dividend

Private hospital operator Mediclinic, recently delisted from the JSE by a Remgro-led consortium, has opted not to pay a final dividend for the year to end-March to prevent reducing the multibillion-rand acquisition price paid by the consortium.

“The group’s dividend policy before the acquisition was to target a payout ratio of between 25% and 35% of full-year adjusted earnings. Mediclinic’s board may revise the policy at its discretion,” Remgro said on Thursday…