Mediclinic expecting a 6.5% increase in revenue
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DURBAN – JSE-listed private healthcare services group Mediclinic International plc is expecting its revenue in Mediclinic Southern Africa to increase by around 6.5percent for the financial year 2020, boosted by a good trading performance during the year. In the group’s half-year results for the six months to end September, the Southern Africa business delivered a 7percent increase in revenue, with a rise in inpatient bed days sold of 2.7percent – in line with its expectations.
In other operations, Mediclinic Middle East reported an 8.5percent increase in revenue, with inpatient and outpatient volumes in the division up by 9 and 5.5percent, respectively, while Hirslanden delivered revenue growth of around 5percent, with inpatient admissions benefiting from the contribution of Clinique des Grangettes.
The Southern Africa business operates 53 hospitals, five sub-acute hospitals and nine day-case clinics across South Africa and three hospitals in Namibia with more than 8500 inpatient beds at the end of September.
Source: iol.co.za
