The min­now floun­ders

Finweek English Edition - - Marketplace -

The Ad­vanced Health rights is­sue was, quite frankly, a flop with less than 62% of shares be­ing taken up by in­vestors. This leaves it with a se­ri­ous prob­lem as it has a short­fall of cash and will there­fore be un­able to carry out its plans. This com­pany listed with some prom­ise, but day hos­pi­tals are not tak­ing off in South Africa although it’s per­form­ing de­cently enough in Aus­tralia. Lo­cally it has to com­pete against the large es­tab­lished hospi­tal groups that are not go­ing to give up pa­tients with­out a real fight. So far, it is a fight that Ad­vanced Health is los­ing.

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