There is a growing cancer burden globally and a material underservicing of health care needs in developing countries, Africa has an immense need for oncology treatment. MSH is well positioned to provide its services to alleviate the growing cancer burden and to expand to all oncology-related services including beyond South Africa.
MSH has 28 oncology centres with 32 linear accelerators for radiation therapy. These service mainly the private sector population of almost 9 million. It has however, strong working relationships with the public sector in certain areas in South Africa.
The Independent Clinical Oncology Network (“ICON”) resides within the MSH group of companies with the goal of advancing and improving patient care in South Africa by utilizing unique and progressive treatment models. At the core of the model is a network of approximately 160 dedicated medical and radiation oncologists who are committed to patient-centric, ethical care. Through this system there is a substantial amount of data used effectively to the benefit treatingdoctors, patients and funders alike. ICON enables true value-based care with resultant increases in clinical quality and reductions in cost of oncology treatment which makes such treatment more accessible. MSH believes that the approach to provide value- and outcomes-based care – by sharing expertise, resources, best practice, experience, infrastructure – can also be applied to other specialisations in the future.
The importance of the oncologists is further evidenced in their shareholding in MSH and MSH’s support allows them to focus on providing the critical healthcare services required. MSH continues to seek additional specialists to join the group and grow alongside. OP has also reserved and funded equity for new black doctors to join the group.
Over and above the investment in MSH, Oppenheimer Partners has also invested in Flexcor Twenty Two (“Flexcor”), a recognised specialist oncology property management company. Flexcor has 15 properties with approximately 16,700m2 of lettable space, most of which are rented to MSH.
Oppenheimer Partners has ambitious plans to develop a global healthcare platform across the value chain through acquisitions and expansion funding. Oppenheimer Partners and MSH have a shared philosophy about delivering quality, sustainable healthcare solutions and MSH would be an ideal platform to pursue a pan African specialist healthcare group.