C-Care to raise Rs50M from doctors to fund business plans

C-Care (Mauritius) Ltd, a Mauritian private healthcare group, owning and operating the two main private healthcare facilities in Mauritius, needs cash.

It is looking to raise new capital of up to Rs50M by way of private placement to “Eligible Practicing Doctors and Eligible Senior Management of C-Care.”

The announcement was published on the website of the Stock Exchange of Mauritius.

It intends to issue a maximum issue of 500 Redeemable Preference Shares at an issue price of Rs100,000 per Redeemable Preference Share.

“Such scheme has been devised to finance innovation and expansion in C-Care in line with its current strategy and to allow doctors and senior management to participate in the performance of the Company, alongside the existing ordinary shareholders,” it said.

C-Care operates Clinique Darné and Wellkin Hospital. C-Care also owns and manages C-Care Clinic and C-Lab.

The Group created in 2008 and formerly known as The Medical and Surgical Centre Limited is part of the CIEL Healthcare network whose majority shareholder is CIEL, a Mauritian diversified Investment Group.