Netcare

South African health care company

Netcare

Company type| Public

Traded as

| JSE: NTC
ISIN| ZAE000011953
Industry| Healthcare
Founded| 1996; 29 years ago (1996)
Headquarters|

Sandton

South Africa

Area served

| South Africa[1]

Key people

| Alex Maditse (Chairman)
Richard Friedland (CEO)
Services| Hospital\- and clinic-related services
Primary healthcare
Emergency medical services
Medical insurance
Gap cover
Revenue| R21 billion (2021)[citation needed]

Operating income

| R3.79 billion (2021)[citation needed]

Number of employees

| ~ 20,000[citation needed]
Subsidiaries| Netcare Hospitals
Netcare Cancer Care
Netcare 911
Netcare Medicross
Netcare Akeso
Netcare Renal Care[2]
Website| https://www.netcare.co.za

Netcare (officially Netcare Group Limited) is a South African private healthcare company.[3]

The group provides a range of medical services across the healthcare spectrum, and operates South Africa’s largest network of private hospitals.[1]

The company also provides emergency medical services (including through its 082 911 emergency line and Netcare app),[4] primary healthcare, renal dialysis, maternity care, prepaid health cover,[5] gap cover (medical cost shortfall insurance),[6] and mental health services.

## History

[edit]

Netcare was established in 1996, and was listed on the JSE Limited (Johannesburg Stock Exchange) the same year.[7] The company expanded into the United Kingdom in 2001.

In 2002 it won The Ophthalmic Chain contract in Kent, Merseyside, Cumbria, Lancashire, Hampshire, and Thames 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 at Trafford 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 including Cumberland Infirmary.[8]

The company acquired a controlling stake in General 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's National Health Service (NHS). It had contracts with Stracathro Hospital for 8000 episodes of elective surgery in orthopaedics, urology, general surgery and gastroenterology from 2006–9.

Netcare used Vanguard Healthcare mobile units to treat NHS cataract patients across the UK.[9] The mobile cataract units in Cumbria had failure rates 6 times that of local NHS facilities.[10]

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.[11]

## Operations

[edit]

Netcare provides private healthcare services at 49 Netcare hospitals, 55 Netcare medicross clinics, 5 prime cure medical centers, and 15 Netcare akeso psychiatric facilities.[12]

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]

## References

[edit]

1. ^ a b "About Netcare Hospitals". Netcare. Retrieved 26 April 2025.
2. ^ "Netcare". Netcare. Retrieved 26 April 2025.
3. ^ "Our Netcare story". Netcare. Retrieved 26 April 2025.
4. ^ "Netcare 911". Netcare. Retrieved 26 April 2025.
5. ^ "NetcarePlus". Netcare. Retrieved 26 April 2025.
6. ^ "NetcarePlus Gap Cover". Netcare. Retrieved 26 April 2025.
7. ^ Netcare, Group History
8. ^ "Patients get 'private' eye ops". BBC News. 7 June 2004. Retrieved 17 October 2014.
9. ^ "Providing solutions which enable patients to receive care closer to their homes". Vanguard Healthcare. Retrieved 16 October 2014.
10. ^ "Netcare Briefing" (PDF). Keep Our NHS Public. 2006. Archived from the original (PDF) on 25 August 2014. Retrieved 17 October 2014.
11. ^ Bright, Jake (27 June 2019). "Founders Factory Africa and Netcare to fund 35 health-tech startups". TechCrunch. Retrieved 10 December 2019.
12. ^ "Netcare Smart Search". Netcare. Retrieved 26 April 2025.

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