Mediclinic upbeat about Middle East turnaround

Hospital group also dodges potential tax hit in Switzerland
Thursday 20 Apr 2017 Author: Lisa-Marie Janes
Global private hospital group Mediclinic ( MDC ) is more optimistic about its struggling Middle East division. The firm has also dodged a proposed tax levy in Switzerland. On 10 April the canton of Zurich, a federal state of Switzerland, rejected a proposed levy on the proportion of privately insured patients treated in listed hospitals, which included Mediclinic’s Klinik Hirslanden. The Switzerland division represents approximately 50% of earnings and...

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