Description of Activities

Description of transaction: The Commission resolved to approve without conditions the acquisition by Salt Investment Holdings Pty Ltd ("SIH") of the entire issued share capital of entities forming part of the Welwitschia Hospital Group (i.e., Walvis Bay Medipark (Pty) Ltd (“WBMP”); Erongo Radiology (Pty) Ltd (“ERAD”); Otjiwarongo Medical Services (Pty) Ltd (“OMS”); Medipark Equipment Rental (Pty) Ltd (“MPER”); Spescare Namibia (Pty) Ltd (“Specscare”)). 

Acquiring group: The primary acquiring undertaking is SIH; SIH’s shareholding is held by Salt Equity 1 LP and Salt Equity 1 CO Invest C.V. In Namibia, the acquiring group controls Medfam Holdings (Pty) Ltd., which owns and operates Rhino Park Private Hospital in Windhoek. Rhino Park Private Hospital is a 30-year-old private hospital that was commissioned on 1 June 1994 as a day hospital with 2 operating theatres and a primary health care clinic.

Target undertaking: The primary target undertakings are the above-identified entities that form the Welwitschia Hospital Group. WBMP operates the Welwitschia Hospital situated in Walvis Bay, and ERAD is a privately owned and operated medical diagnostic imaging center operating in Walvis Bay, Swakopmund, Arandis, Otjiwarongo, Arandis, and Lüderitz. OMS is a property holding company, holding the land and building upon which ERAD operates in Otjiwarongo. MPER is active in the leasing of medical equipment and other assets to the medical institutions. Specscare provides medical care and recovery services for patients requiring rehabilitation after surgery, illness, or injury. 

Relevant market: Defined as the market for the provision of private hospital services in Namibia. 

Merger Determination