Highlights

Paid patient days (PPDs): +6,0%
Revenue: +11,7% to R5 271 million
Normalised EBITDA: +17,5% to R1 370 million
Operating profit: +22,4% to R1 208 million
Normalised earnings per share: +21,9% to 62,3 cents
Interim dividend: 45 Cents

 

 

Commentary

Overview

Life Healthcare continued to grow during the period under review and is in a healthy financial position to deliver on its strategic objectives of growth, efficiency and sustainability. Activities as measured by hospital paid patient days (PPDs), increased by 6,0% as a result of an increased demand for hospital services due to high incidence of disease together with a growing and aging medical aid population and preferred network arrangements. Additional beds have been added to the business to cater for this additional demand, including the opening of Life Glynnview (Mental Health) in April 2011, the acquisition of Life Midmed in August 2011, the opening of Life Vincent Palotti Rehabilitation in September 2011 and the addition of 154 beds in the current period including the opening of Life Piet Retief Hospital and Life St Josephs (Mental Health).

The total number of registered beds at 31 March 2012 is 8 212.

The Max Healthcare India investment of R823 million resulted in a 26% shareholding.

Life Healthcare continued to improve on its clinical quality metrics during the period under review resulting in an improvement in its hospital acquired infection rate.

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Financial Statements

arrow Condensed consolidated statement of comprehensive income
arrow Condensed consolidated statement of financial position
arrow Condensed consolidated statement of changes in equity
arrow Condensed consolidated statement of cash flows
arrow Segmental report
arrow Acquisition of investments
arrow Disposal of investments
arrow Basis of presentation and accounting policies
arrow Unaudited results

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