Covenant Healthcare Group Limited May 2010

Our client, Covenant Healthcare Group Limited ("Covenant") has successfully completed the disposal of a 42% strategic investment in Transform Medical ("Transform") to General Healthcare Group ("GHG"). This follows the previously announced sale of Covenant Churchill to Cambian Healthcare. Financial details were not disclosed.

Transform is a leading UK provider of cosmetic surgery solutions, operating through two dedicated hospital facilities in London and Manchester and 24 clinics across the UK. GHG is the UK's leading provider of independent healthcare services, its primary businesses being BMI Healthcare and is majority owned by Netcare, a listed South African healthcare group.

Canaccord Genuity acted as sole financial advisor to Covenant Healthcare Group Limited.