Lenmed Health Resume

Résumé: Lenmed Clinic Ltd

History

The Company Lenmed Clinic Ltd is in existence for 27 years, having started with a 47 bed hospital in Lenasia (Johannesburg) in 1984. Lenmed is a product of the apartheid era; conceived and produced as a result of obstacles the unjust systems of apartheid placed in the pathway of our doctors and patients. Today, after a number of expansion programmes, the hospital boasts a modern 195 bed facility with a 16 Bed ICU, a five Theatre complex, a cath-lab and a ultra modern x-ray department.

Corporate Background

Shareholders

We are a public company with approximately 400 shareholders consisting of medical practitioners and business people. We are not associated with any one of the three major hospital groups (like Netcare, Life-Healthcare and Medi Clinic) and therefore entirely independent.

Structure

We have over the years, through acquisitions, grown into a group and now have 4 hospitals, all wholly owned subsidiaries of Lenmed. Due to this growth the company, Lenmed Clinic, recently underwent corporate re-structuring and a holding company under the registered name of Lenmed Health (Pty) Ltd. was established. As of 1 March 2007, the brand name of Lenmed Health came into being.

Vision of Lenmed Health

Is to become a Major Role Player in the Healthcare Industry not only in South but in Southern Africa.

Financial Background:-

Ø All our subsidiaries are fully funded and have no long term debt.

Ø Our Annual turnover for the financial year ending February 2007 was in the region of 220 million Rands.

Ø The total capital value of Lenmed Health is in the region of 300 million Rands.

Hospitals Under Control

We have 4 hospitals in our stable with a bed capacity of just over 400. These are as follows:

Ø Lenmed Clinic: Lenasia, Johannesburg (195 beds)

Ø La Verna Hospital: Ladysmith, Kwazulu Natal (94 beds)

Ø Shifa Hospital: Durban (78 beds)

Ø Zamokuhle Private Hospital: Tembisa, Gauteng (36 beds)

New Ventures

Outside South Africa

Apart from Mozambique, we have also had exploratory meetings with interested

Angola

As for Angola we are in negotiations with interested parties to build and manage a hospital in Luanda.

Malawi

We recently met with a business delegation who were keen to have Lenmed project - manage the building of a 100 bed hospital in Blantyre. The group is prepared to look at Equity, but is in a position to fund the entire project.

Swaziland

Looking at Swaziland, we are in negotiations with a group of Doctors to erect a small hospital in Manzini.

Mauritius

Through the government of Mauritius we have had approaches made to us to look at the establishment of a private hospital in Mauritius. We are in discussion with interested parties.

Within South Africa

Ø Lenmed is in the process of acquiring a 20% equity in a Pharmaceutical Distributing Company in Durban.

Ø We are presently negotiating, with the aim of acquiring, a 25% stake in Midlands Hospital in Petermaritzburg.

Ø Our long term plan is to join forces with two small hospital groups, in Durban and Cape Town and thereby establishing the 4^th major hospital group in South Africa.