Leading healthcare organisation Life Healthcare Holdings Limited has listed its shares for trade on A2X Markets from 1 December 2022.

Life Healthcare will retain its primary listing on the Johannesburg Stock Exchange and its issued share capital will be unaffected by its secondary listing on A2X.

Life Healthcare has 66 healthcare facilities including 49 acute hospitals across the Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North West, Western Cape and Botswana. Its facilities provide a range of services which make use of innovative technology and treatment techniques and interdisciplinary care which provide the appropriate scope of healthcare services.

Life Healthcare Group’s Group Chief Executive, Peter Wharton-Hood commented, “By making use of innovative technology and efficiencies we are able to provide our patients with quality care and improved outcomes. Our listing on A2X extends this principal to our shareholders by providing them with an alternative platform, that, through the use of the latest high-performance technology, offers savings in the form of price improvement and lower exchange fees whenever they transact in Life Healthcare shares.”

A2X CEO Kevin Brady said, “We are pleased to be welcoming Life Healthcare, South Africa’s second largest private hospital operator, to our platform next week. We appreciate the support and look forward to enabling investors to capture the saving and liquidity benefits we offer.”

Life Healthcare joins Netcare, Aspen and Ascendis in the Healthcare sector with a secondary listing on A2X. Other well-known companies include, AngloGold Ashanti, Exxaro, Discovery, Growthpoint, Implats, Investec, Mr Price, Naspers, Nedbank, NEPI Rockcastle, Prosus, Remgro, Sanlam, Sasol and Standard Bank.

The listing will bring the number of instruments listed on A2X to 90 with a combined market capitalisation of around R5.4 trillion.
A2X is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act. 

About Life Healthcare

Life Healthcare is a global people-centred, diversified healthcare organisation listed on the Johannesburg Stock Exchange. Life Healthcare has over 38 years’ experience in the South African private healthcare sector, and currently operates 66 healthcare facilities in southern Africa. Services include acute hospital care, acute physical rehabilitation, acute mental healthcare, renal dialysis, oncology, imaging and occupational health and wellness services. The Group owns Alliance Medical Group, the leading independent provider of medical imaging services (MRI, CT and PETCT scans) within Europe. https://www.lifehealthcare.co.za/ or https://alliancemedical.info/

About A2X

A2X Markets (A2X) is a South African stock exchange that plays an integral part in the progression of the South African marketplace. An experienced team, advanced technology and an agile environment enable A2X to provide an efficient and cost-effective trading venue to secondary list and trade shares, exchange traded funds (ETFs) and exchange traded notes (ETNs).

A2X appointed Strate as its central securities depository and operates within the proven and reliable South African settlement structure, using technology developed by the UK’s Aquis Technologies, which includes proven exchange matching and surveillance systems and a clearing platform custom-built for A2X. The end-to-end costs of transacting on A2X are about 50% lower than at the other South African trading venue where the same shares can be traded. A2X began trading in October 2017. www.a2x.co.za