 | |
| Company type | Public |
|---|---|
| JSE:NTC | |
| ISIN | ZAE000011953 |
| Industry | Healthcare |
| Founded | 1996; 29 years ago (1996) |
| Headquarters | Sandton,, |
Area served | South Africa[1] |
Key people | Alex Maditse (Chairman) Richard Friedland (CEO) |
| Services | Hospital- andclinic-related services Primary healthcare Emergency medical services Medical insurance Gap cover |
| Revenue |  R 25.202 billion (2024[2]) |
| R 1.547 billion (2024[2]) | |
| Total assets | R 28.391 billion (2024[2]) |
| Total equity | R 28.391 billion (2024[2]) |
Number of employees | 18,000 + (2024[3]) |
| Subsidiaries | Netcare Hospitals Netcare Cancer Care Netcare 911 Netcare Medicross Netcare Akeso Netcare Renal Care[4] |
| Website | https://www.netcare.co.za |
Netcare (officiallyNetcare Group Limited) is aSouth Africanprivatehealthcare company.[5]
The group provides a range ofmedical services across the healthcare spectrum, and operates South Africa’s largest network of privatehospitals.[1]
The company also providesemergency medical services (including through its 082 911 emergency line and Netcare app),[6]primary healthcare,renal dialysis,maternity care,prepaid health cover,[7] gap cover (medical cost shortfall insurance),[8] andmental health services.
Netcare was established in 1996, and was listed on theJSE Limited (Johannesburg Stock Exchange) the same year.[9] The company expanded into theUnited Kingdom in 2001.
In 2002 it won The Ophthalmic Chain contractinKent,Merseyside,Cumbria,Lancashire,Hampshire, andThames Valley, to carry out 44,500 cataract removals over a 5-year period and the £2.5bn contract for the Greater Manchester Surgical Centre, a 48-bed facility atTrafford General Hospital to provide 44,863 elective procedures over 5 years with a diagnostics programme valued at £1bn.
In 2004 it signed a contract to carry out 41,600 cataract operations for the NHS at sites throughout the UK includingCumberland Infirmary.[10]
The company acquired a controlling stake inGeneral Healthcare Group, the UK's largest private hospital group with 50 hospitals, in 2006 for £2.2 billion. This brought Netcare's total number of hospitals to 120 with over 11,000 beds, 510 operating theatres, and 37 pharmacies.
GHG had a subsidiary - Amicus Health - which tendered for contracts for the UK'sNational Health Service (NHS). It had contracts withStracathro Hospital for 8000 episodes of elective surgery in orthopaedics, urology, general surgery and gastroenterology from 2006–9.
Netcare usedVanguard Healthcare mobile units to treat NHS cataract patients across the UK.[11] The mobile cataract units in Cumbria had failure rates 6 times that of local NHS facilities.[12]
In 2019, Netcare partnered with Founders Factory Africa, selecting 35 African health-tech startups for an acceleration and incubation program. Accelerated startups will receive a £30,000 cash investment (≈$38,000) and £220,000 in support services from Founders Factory Africa.
Incubator health-tech ventures will receive £60K cash and £100K toward support. Founders Factory Africa and Netcare will share a 5 to 10 percent equity stake in each startup accepted into the program.[13]
Netcare provides private healthcare services at 49 Netcare hospitals, 55 Netcare medicross clinics, 5 prime cure medical centers, and 15 Netcare akeso psychiatric facilities.[14]
Netcare is also a private trainer of nursing and emergency medical personnel through Netcare Education’s Faculty of Nursing and Ancillary Healthcare (FNAH) and Faculty of Emergency and Critical Care (FEEC). FNAH provides education and training at five campuses and FECC at two campuses.[citation needed]
Companies based inGreater Johannesburg | |||
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| Diversified conglomerates | |||
| Airlines |
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| Construction and engineering | |||
| Energy | |||
| Financial |
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| Hospitality | |||
| ICT | |||
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| Manufacturing |
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| Media | |||
| Mining | |||
| Retail and marketing | |||
| Restaurant franchises | |||
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| Transport | |||
| State-owned enterprises | |||
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