SA’s ageing medical scheme population means good business for hospitals, Life Healthcare said in its results for the year to end-September on Friday morning. Life Healthcare’s revenue grew 12% to R16.4bn from the previous year. Its Southern African hospitals contributed 88% of the group’s total revenue while international hospitals — which house its Indian subsidiary Max Healthcare Institute and Polish subsidiary Scanmed — contributed 7%. The remaining 5% of revenue came from healthcare services. Aftertax profit fell 11.6% to R1.97bn after a R370m one-off writedown of its investment in Scanmed due to tougher hospital tariff regulations in Poland. Life Healthcare declared a 92c dividend, a 7.1% increase from the previous year. Shareholders have the option of taking the dividend in additional shares instead of cash. The group invested a further R763m in Scanmed despite complaining "prospects for Poland remain uncertain due to the lack of clarity around pricing impacted by government r...

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