Life Healthcare’s group chief executive, Peter Wharton-Hood, says the normalisation of activities following Covid disruptions in previous years is clearly evident from the 15.8% year-on-year growth in acute hospital admissions, 14.8% growth in theatre minutes, and 13.8% growth in mental health admissions.
Wharton-Hood notes that inflationary pressures around the world have increased and are likely to continue to affect salary increases as well as cost increases of consumables.“The severity of these factors is very different in each market and is dependent on the customer base, the nature of government support and public salary increases.
In addition, the group, through its funding company, Life Healthcare Funding, launched its inaugural listed domestic medium-term note programme this year, successfully raising R1-billion across three- and five-year tenures.Meanwhile, in its last public set of financial reports, competitor hospital group Mediclinic this week reported a 10% growth in group revenue to £1.
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