AMI’s objective is to create the largest private hospital network in Africa, offering high quality in and out patient service. Its strategy is centred on capitalising on the continent’s demand for quality international standard healthcare, particularly from the emerging middle classes, overseas business investors, Governments and health insurers.
The Company currently has three operational private specialist hospitals in: Maputo, Mozambique; Dar es Salaam, Tanzania; and Harare, Zimbabwe in addition to a dedicated medical air evacuation service.
The Board of AMI believes that there is significant potential for rapid expansion across the continent and is targeting established private medical markets including Uganda, Ghana and Nigeria. Expansion may come in the form of investments in existing facilities, taking control of hospital management contracts or constructing new hospitals.
20/04/12
Loan Note Instrument12/03/12
Directorship Change07/03/12
Loan Note Instrument17/02/12
Update on Zimbabwean Operations12/01/12
Appointment of Chief Financial Officer
24/08/11
African Medical Investments’ new chief executive Peter Botha is upbeat on prospects for the provider of international standard healthcare to groups including the rapidly expanding African middle classes. His key near term-term objectives, as revealed in the full year statement today, include cutting costs and boosting revenue to help move the group into cashflow positive territory by the first quarter of 2012.
11/08/11
Less than a month into his tenure, the new boss, Peter Botha is already making his mark. Here we speak to Botha about his plan to cut costs by 25 per cent and boost revenues, which should ensure the hospitals group is cash flow positive early next year.
11/07/11
New chief executive Peter Botha sees a huge opportunity in Africa’s emerging healthcare industry. Botha was hired last Tuesday, to take the reins at a crucial time for the company as it tries to draw a line in the sand and put the group’s tumultuous recent history behind it.
25/08/10
African Medical Investments confirmed this morning that criminal charges for fraud and theft have been brought in South Africa against former chief executive Vivek Solanki and manager Wessel Roets.
08/12/09
African Medical said the deal underscored the “considerable traction” it was gaining it its target audiences, particularly in the medical insurance market which it said would be increasingly important for the company.
20/04/12
African Medical Investments secures US$375,000 loan from major shareholder12/03/12
African Medical Investments chairman Edmonds steps down to focus on other business interests07/03/12
African Medical tops up finances with US$450,000 loan17/02/12
African Medical Investments starts legal proceedings over Harare facility30/11/11
African Medical revenues respond to treatment
08/11/2011
AMI’s private hospital facilities fill a crucial and unique niche for the emerging African middle classes as well as multinational corporations, embassies and NGOs designing contingency plans for their executives, workers and expatriate families in addition to providing specialist hospital benefits for health insurance members. Its hospitals play an important role in improving overall healthcare by providing a template for top quality, efficient and affordable hospital care, capitalising on the strong demand fundamentals for healthcare Africa.
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Peter Botha, Chief Executive
Dr. Botha has an in depth knowledge of the healthcare arena in southern Africa, developed over the course of his career which included leading Liberty Health as its CEO. Liberty Health interests cover medical schemes, information technology systems, employee wellness, medical risk management and healthcare administration in South Africa and emerging African markets. Before joining Liberty Health, Dr. Botha held the position of CEO for Momentum Health Africa, one of the largest private health insurers in Africa, and led African Life Health as the company's CEO until its acquisition by Momentum Health in 2006.
Altaf Mackeen, Non-executive
Mr. Mackeen holds the position of Associate at Harbinger Capital Partners, a private investment firm based in New York. Mr. Mackeen has been appointed to the Board as a nominated representative of Harbinger, a substantial shareholder in African Medical.
Joseph Cleverdon, Non-executive
Mr. Cleverdon is the Vice President and Director of Investments at Harbinger Capital Partners, responsible for public, private and activist investments in sectors including gaming and lodging, media, commercial real estate, food and healthcare. Mr Cleverdon is African Medical Investments’ nominated representative of Harbinger, which is a significant shareholder in the Company.
Auditors
Baker Tilly
2 Bloomsbury Street
London
WC1B 3ST
Solicitors
Salans LLP
Millennium Bridge House
2 Lambeth Hill
London
EC4V 4AJ
Nominated Advisor
Seymour Pierce Limited
20 Old Bailey
London,
EC4M 7EN
Broker
Matrix Corporate Capital
One Vine Street
London
W1J 0AH
Registrar
Capita Registrars (Isle of Man) Limited
3rd Floor
Exchange House
54 - 62 Athol Street
Douglas
Isle of Man
IM1 1JD
Financial PR
St Brides Media & Finance
Chaucer House
38 Bow Lane
London
EC4M 9AY
Shareholdings (last updated 28 September 2011)
Directors' Shareholders
Name Shareholding Percentage
Peter Botha 61,707,130 19.15%
Andrew Groves* 11,025,000 3.42%
Philippe Edmonds 11,000,000 3.41%
Significant Shareholders
Name Shareholding Percentage
Harbinger Capital Partners Master Fund I, Ltd 140,526,741 43.61%
Minerva Trust Company Limited 24,000,000 7.45%
Penrith Management Trading Limited 10,000,000 3.10%
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