Life Healthcare’s strategy pays off
Private hospital operator Life Healthcare says its diversification into diagnostic and radiology services has paid off amid Covid-19, reported Business Day (28 May 2021)
Life Healthcare joined peers Netcare and Mediclinic in opting to hold on to its dividend this reporting season, but it had managed to trim debt and grow its cash pile to end-March. After-tax profit fell 9.6% to R846-m while revenue from continuing operations rose 4% to R13-bn. Revenue in SA fell 3.4% to R9.1-bn, but grew 27.2% to R3.2-bn internationally.