Medihelp Medical Scheme is not merging with Liberty

As part of the In Brief Section (Business News and Economy) within the Business Day of Wednesday, 18 November 2009 (page 2) it was reported that Medihelp Medical Scheme and Liberty are merging.

This is not true and unfortunately misprinted.

As the third largest medical scheme in South Africa, Medihelp is responsible for the medical cover of over 218,000 South Africans.

As one of the few self administered schemes in South Africa, Medihelp concluded the 2008 financial year (December 2008) with a solvency ratio of 35.85% and a net surplus of R190.8 million, well above the required solvency level of 25% set by the Registrar of Medical Schemes.

The management of Medihelp Medical Scheme would hereby like to assure all our stakeholders members, brokers, staff and alike that we are not merging with Liberty Health or any other party in the nearby future.

As reported on the Liberty website on 28 August 2009, “In terms of Section 63 of the Medical Schemes Act, Act No 131 of 1998, The Boards of Trustees of the Liberty Health Medical Scheme and Medicover Medical Scheme hereby give notice of the proposed amalgamation of their schemes effective 1 January 2010.”