Finweek English Edition - - COVER - Medi­clinic, by far


the coun­try’s big­gest pri­vate hos­pi­tal group, has seen its share price in­crease 49% over the past 12 months, giv­ing the group a mar­ket cap­i­tal­i­sa­tion of R101bn. Of the eight an­a­lysts polled by INET BFA, four rated it a buy, two a hold and two a sell.

The group, with op­er­a­tions in South­ern Africa, Switzer­land and the Mid­dle East, ear­marked R3.5bn for cap­i­tal projects and equip­ment in the 2015 fi­nan­cial year, in­clud­ing plans to add 206 beds in SA and 24 in Switzer­land. In April, it an­nounced that it will build a new gen­eral hos­pi­tal in Dubai at a cost of nearly R2.3bn. The hos­pi­tal, with at least 150 beds and six op­er­at­ing the­atres, is ex­pected to be fin­ished at the end of 2018. On May 13, Medi­clinic said that it ex­pects earn­ings per share for the year to end March to be 20% to 25% higher than the pre­vi­ous year.


12 000

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Jun ’ 14

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