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.
Jun ’ 14