Private equity firm Summit Africa has acquired 55% shareholding in St Mary’s Hospital in Mthatha, located in South Africa’s Eastern Cape province, from Life Healthcare Group.

Summit also has a majority interest in a healthcare management company Crestcare Hospital Group, which will manage St Mary’s Hospital.

Crestcare intends to transform St Mary’s into a key healthcare hub in the Eastern Cape.

Crestcare, a fast-growing private hospital group with facilities in Ga...

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