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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
African Med | LSE:AMEI | London | Ordinary Share | IM00B39HQT38 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.225 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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08/12/2009 09:40 | And this mornings announcement: African Medical Investments plc, the AIM listed company operating in the African healthcare sector, has signed an agreement with leading African insurer Interhealth Technologies (PTY) Limited ('Interhealth'), whereby Interhealth members who require medical treatment will be directed towards the Company's portfolio of private boutique hospitals, trauma centres and Well Woman Clinics in Africa. Interhealth, which is based in Johannesburg, provides medical insurance and administers health plans for corporate clients and individual subscribers across Africa. This agreement will see African Medical listed as a preferred provider of medical treatment to Interhealth members, following a thorough due diligence process conducted by Interhealth to ensure the quality of care provided at the Company's hospitals and clinics. Interhealth members, who fall ill whilst in an area serviced by the Company, will be directed to one of its healthcare facilities with all treatment subsequently billed back to Interhealth for full payment. The Company's current portfolio of healthcare facilities includes the boutique 30-bed hospital, trauma centre and Well Woman clinic in Dar es Salaam, the Trauma Centre in Harare and Airport Medical & Vaccination Centres at Johannesburg and Cape Town International Airports. Interhealth members will also have the benefit of using the Company's new boutique hospital, trauma centre and Well Woman Clinic in Maputo, which is targeted to be opened in March 2010. In line with this, a marketing launch was held on 3 December for this facility, which was very well attended. Guests included local government officials, foreign embassy and international company representatives, as well as local media. Maputo is the first of a number of planned private medical facilities being planned by the Board. Following the investment by Harbinger, the Company is accelerating its expansion plans to roll out boutique hospitals, Well Woman Clinics and trauma centres across Africa, with the target of managing a total of ten healthcare facilities by 2012. African Medical CEO Dr. Vivek Solanki said, "Our concept to bring state of the art private medical facilities to Africa is gaining considerable traction in our targeted audiences, particularly in the medical insurance market, which I believe will be increasingly important to the Company moving forward. Preferred provider status by insurance companies is not readily or easily achieved, and I believe that our close relationship with many of the major medical insurance companies is testament to the quality of our facilities and our staff. "There is a distinct need in cities such as Maputo for international standard healthcare. The emerging African middle classes, the increasing expatriate community and the rise in foreign investment are just a few reasons why the provision of private healthcare is now a validated business model. Indeed the marketing launch for the Maputo facility was very well attended by local government, embassy, insurance companies and international company representatives who all recognised the need for our hospital and Well Woman Centre." These guys have a great business model and arrangments like these will ensure 'full payment' and turn into recurring revenuse streams as patients sign-up for their medical insurance services ... all good stuff here and I anticipate the newsflow to continue through 2010 as they use the Harbinger funds to quickly identify & develop new sites. | mattjos | |
08/12/2009 09:17 | good find Mattjos here it is in full: Entrepreneurs unveil plans to build 15 boutique hospitals 08 Dec 2009 - I-Net Bridge - Intro Phil Edmonds and his partner, Andrew Groves, have announced plans by their new company to build more than 15 boutique hospitals in Africa. By Sarah Hu Dleston Just weeks after resigning from the board of Central African Mining and Exploration Company (Camec), businessman Phil Edmonds and his partner, Andrew Groves, have announced plans by their new company to build more than 15 boutique hospitals in Africa. The hospitals, to be built by their company, African Medical Investments (AMI), will serve the expatriate mining and business community who require easy access to high-end medical care. When he opted out of Camec, which is listed on the London Stock Exchange, Edmonds was paid £8m for his 1,43% stake in the miner. Edmonds has previously made a lot of money in Asia, but now says his eyes are on Africa. "I like to travel north to south and stay roughly in the same time zone," he said last week. "I believe that there is so much to be done on this continent to make it attractive to investors and make it more user-friendly." Already, a new 30-bed facility has been built in Dar es Salaam and, last week, another medical and trauma centre and a Well Woman clinic were launched in Maputo, in Mozambique. Like the Dar es Salaam facility, the Maputo clinic offers 30 high-class beds including two intensive care unit beds, two neonatal intensive care incubators and a full trauma unit. Two operating theatres, two delivery rooms, one for water births, occupational health services and facilities are being built. The Maputo facility will have only the second tele-radiology facility in Africa - the first was in the Dar es Salaam clinic - meaning that top radiologists the world over can report on X-rays, CT scans and ultrasounds. A helicopter rescue service in Mozambique ensures that emergency cases can be collected and brought to Maputo, removing the need for expensive evacuation to SA. Edmonds, the company's chairman, and Groves, AMI's executive director, complement each other. They stumbled on this new business a year ago through Vivek Solanki, a Zimbabwean-born and South African- trained trauma doctor whom Groves, now AMI's CEO, was acquainted with. "The plan is to have 15-20 of these clinics strung across Africa, so that expats and locals with medical insurance have access to the finest healthcare. I believe that, thanks to our investments in Tanzania and Mozambique, we are paving the way for other investors to place their confidence in these countries," Edmonds said. "There is a dearth of investment in the areas that support the mining and related industries. Housing, healthcare and agriculture are all areas in Africa that need investment." Edmonds said each clinic cost £6m to build and equip, excluding the land. "The money for this is raised on the London AIM market," he said. "AMI has the support of a good selection of top international medical aids, including Bupa, which welcome the fact that patients will not have to be evacuated to SA." | andrbea | |
07/12/2009 23:16 | very pleased to see that positive comment now starting to get out about our company & having a good impact on the share price Long way to go yet but the quarterly Harbinger drawdowns thru to at least 71p will regularly remind the market how good the story is here & Edmonds is a good front man to deliver the newsflow | mattjos | |
06/12/2009 18:28 | Copied and pasted from iii bb Sat 5/12/09 @ 19:32 Can anyone copy and paste the article? Good luck to us Hello all, I don't own any of these shares, but I thought you might like to know that AMEI has been tipped in the above document. I am new to this, but apparently this is good news for the share price as soon as the tip gets out. I got the info from the PCI BB (which was tipped at the same time). Good luck for Monday to you all. regards BM | biomole | |
04/12/2009 14:36 | from that article: "Our development has been rapid and there is a growing awareness of the quality facilities that AMI can provide across Africa. We are now committed to expanding as soon as possible and will update shareholders as to our progress throughout the year," said Chairman of AMI Phil Edmonds. | mattjos | |
04/12/2009 13:08 | African Medical Investments evaluates possible expansion locations, patient numbers high at all facilities While the progress with negotiating new facilities in new target cities and increasing the number of patients has been "tremendous," the most significant highlight of the year was this mon ... | tomesy27 | |
30/11/2009 16:12 | Whats exciting is that cost of sales is 10% of revenue. However, in that are the y including staff costs or is that part of operating expenses? I'm a littel concerend on how they are presnting their figures. Amy ideas? | bobbieblock | |
30/11/2009 07:49 | results are out this morning....all looks as though its going pretty well...regards | kiwi10 | |
25/11/2009 17:02 | ok. thanks | mattjos | |
25/11/2009 16:51 | no, no time I think they are expanding across Africa with a good business model That's enough for me. nia dyor | andrbea | |
25/11/2009 00:35 | andrbea .. have you studied the Harbinger arrangement in detail? | mattjos | |
20/11/2009 11:21 | I've bought in here today with a base holding. | mattjos | |
19/11/2009 08:59 | Very intteresting. Came accross this one on the fleet street website archives. Interims from febuary indicate profit marjin on clinics. Revenue of $590,000, cost of sales $80,000 from three months of jo'burg and harare. Now we have two airport clinics, the clinic in Zimbabwe in a dollarised economy with increasing mining activity and SA investment and the Dar clinic opperating above expectations. July saw 400 patients treated at over $500 a patient. Internal projections from aquisition press reelase talked about $300 a patient. As a doctor I know this is a high margin, high growth sector to be in. I wouldn't be surprised if teh company turns a profit this year especially as it should start ot captalise its building costs so won't be a loss. | bobbieblock | |
02/11/2009 09:34 | Oct 30 African Medical Investments, which operates in the African healthcare sector, improved 0.5p to 19.25p after securing a £30million equity line agreement with US hedge fund Harbinger to finance its roll out across the continent. Read more: | andrbea | |
25/9/2009 11:29 | As opposed to AMEI - not goodbuy... | double6 | |
25/9/2009 11:23 | goodbye.filtered | theresearcher | |
25/9/2009 11:21 | MOLE ?? Have a look at it..... | double6 | |
25/9/2009 11:20 | i told him now im telling you d6 you are mistaken and advfn know my identity that is why he is history. | theresearcher |
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