Life has healthy earnings outlook
to improve its business operations. The group said it would continue to focus on driving operational efficiencies in South Africa through cost of sales, procurement, streamlined administrative processes, the re-engineering of certain IT systems and improving hospital occupancies to enable the leveraging of the fixed cost base. The total number of registered beds at March 31 was 8 212. The Max Healthcare India investment of R823-million resulted in a 26% shareholding.
“In addition the Group recognises the shortage of healthcare skills and will continue to invest heavily in the training of doctors, nurses and pharmacists. In connection with the development of healthcare policy and proposed healthcare reforms, the Group will continue to actively engage with the South African government,” Life Healthcare added. — I-net Bridge