Thursday, September 6, 2018


The Board of Directors (the “Board”) of The Medical and Surgical Centre Limited (“MSCL”/the “Company”) wishes to inform its shareholders and the public in general that the Operation and Management Agreement (“O&M Agreement”) signed with Fortis Healthcare International Limited (“FHIL”) to operate, manage and market the services of both Wellkin Hospital (“Wellkin”) and Fortis Clinique Darné (“FCD”) is coming to an end on 31 December 2018. The O&M Agreement between MSCL and FHIL was signed in December 2008 for a 10-year period.

As decided by the Board of MSCL, the executive management team of the Company will assume the direct management of both Wellkin and FCD as from 01 January 2019.

The Board of MSCL would like to express its gratitude to FHIL for its expertise, the important work accomplished over the past ten years, and for its ongoing collaboration towards a seamless and effective managerial transition over the next few months. MSCL and FHIL will continue to collaborate on technical matters, and FHIL will play an advisory role through its nominees on the Board.

The Board of MSCL is therefore pleased to announce the appointment of Olivier Schmitt, currently Chief Operating Officer of FCD, as the Chief Executive Officer of MSCL, effective as from 01 January 2019. The Board reiterates MSCL’s ambition to continuously strengthen the quality of patient care and increase the medical expertise and level of service delivered in both facilities which will continue to operate separately.

By Order of the Board

CIEL Corporate Services Ltd
Company Secretary

21 August 2018

This communiqué is issued pursuant to DEM Rule 21.1. The Board of Directors of MSCL accepts full responsibility for the accuracy of the information contained in this communiqué.

BRN: C07002054



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