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Mediclinic News : Mediclinic upbeat on issues of growth

Title

Mediclinic upbeat on issues of growth

Date

2016-09-28

Link

News Description

THE NEW AGE Mediclinic showed optimism yesterday as it mooted expectations of continued growth, amidst the backdrop of more macroeconomic challenges and anticipation increased competition. The private hospital group said it will also continue to make additional investments in operations in order to drive competitive advantage. Mediclinic CEO Danie Meintjes said although half yearly earnings before interest taxation depreciation and amortisation (ebidta) margins were expected to come out lower than the comparative 21.6%, trading was still in line with management's expectations. He said business in the southern Africa and Switzerland regions delivered yet another growth in patient activity. The.company said total revenue for the first five months of the year was Mediclinic upbeat on issues of growth R6bn, "delivered against weak macroeconomic conditions and increased competition". "We continue to see growing demand for costeffective quality private healthcare services and remain focused on ensuring our patients receive quality clinical care and benefit from the group's ongoing investment in skills, training, technology and infrastructure," Meintjes said.
Created at 2016/10/04 04:43 PM by Mediclinic
Last modified at 2016/10/04 04:43 PM by Mediclinic