LIFE HEALTH­CARE

Finweek English Edition - - COVER - Pri­vate hos­pi­tal group

CON­SEN­SUS VIEW: HOLD

Life Health­care, who is in­vest­ing heav­ily in ex­pand­ing its limited in­ter­na­tional foot­print, has been the un­der­per­former in the sec­tor, with its share price down 5.7% over the past 12 months. Of the eight an­a­lysts polled by INET BFA, four rated it a hold, three a buy and one a sell.

In the six months to end March, it in­vested R1.3bn to in­crease its shareholding in Max Health­care In­sti­tute, a pri­vate hos­pi­tal group in In­dia, to 46.25%, bring­ing its to­tal in­vest­ment in the com­pany to R2.2bn. It also made two ac­qui­si­tions in Poland, and is in­creas­ing the num­ber of hos­pi­tal beds in South­ern Africa, in­clud­ing through the pur­chase of Ge­n­e­sis Clinic, a pri­vate ma­ter­nity hos­pi­tal in Jo­han­nes­burg.

Cents

4 600

4 200

3 800

Jun ’ 14

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.