One of Life Healthcare's hospitals in Parktown, Johannesburg.
Life Healthcare reported a R771 million attributable profit in the six months to March 31, a turnaround from the R2.22 billion loss it made a year before, as it continued to work on aligning capacity with patient demand and expanding access to healthcare.
Alongside a series of brownfield expansion projects across the portfolio was the start of construction on the 140-bed Life Paarl Valley Hospital. The other initiatives include additional acute beds and specialised facilities, to respond to shifting disease profiles and growing demand for complex care.
“Our focus is on building capacity where it is needed most, improving utilisation across our network, and advancing our optimisation program to strengthen returns,” said CEO Peter Wharton-Hood at the release of the interim results on Thursday.
“Encouragingly, we saw a meaningful recovery in activity in the second quarter, reflecting the underlying resilience of our business.”
