May 21, 2022

SB-Accounting

Accounting + Finance Blog

AXA Mansard Notice of Proposed Investment in Hospitals

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We wish to inform the Exchange that AXA Mansard Insurance Plc (AXA Mansard) is in the process of partnering with International Finance Corporation (IFC), a member of the World Bank Group and a couple of other Companies on the possibility of investing in a hospital project.

The proposed investment is a greenfield integrated medical facility comprising of a 150-bed multi-specialty hospital and two 10-bed primary health centres/polyclinics.

The Project once approved will be managed and operated by Healthshare Health Solutions Ltd (“Healthshare”), an experienced hospital management company with headquarters in South Africa.

AXA Mansard and IFC are still at the preliminary stage of discussions and their Boards are yet to pass final resolutions approving the investment.

The press statement was signed by Omowunmi Mabel Adewusi, the Company Secretary and made available to shareholders.

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