31st Mar 2016 06:25
LONDON (Alliance News) - Private healthcare group Mediclinic International PLC on Thursday said it has seen strong patient growth across its operating platforms.
The South African company joined the London market through the reverse takeover of Abu Dhabi-based hospitals operator Al Noor Hospitals PLC and subsequently joined the FTSE 100 index. It also owns a 29.9% stake in UK healthcare company Spire Healthcare Group PLC.
For the 11 months to the end of February, Mediclinic said revenue from its African and Swiss businesses both grew, while revenue from its Middle East operations also increased. Al Noor is trading in line with expectations, the company added.
"The group continues to deliver against its key performance indicators with growth in patient activity across all platforms at stable margins," said Chief Executive Danie Meintjes.
"Each platform has different challenges and all have specific opportunities. However, in line with industry trends, we are continuing to see the impact on our business of ongoing regulatory initiatives and increasing competition," Meintjes added.
Mediclinic will publish its annual results for the financial year to the end of March on May 25.
By Sam Unsted; [email protected]; @SamUAtAlliance
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