The group’s operating profit has surged 264% after it wrote down Hirslanden in the prior period
Private clinic and hospital group Mediclinic International has returned to profit in its six months to end-September, as it recovers from write-downs in its UK and Swiss operations.
Hirslanden, which is Switzerland’s largest private hospital group, was affected by new regulations related to outpatient tariff reductions. In the previous period, that resulted in impairment charges on Hirslanden properties of £43m and trade names of £55m. In its interim results on Thursday, the group said Southern African revenue rose 7% to R8.57bn, with the company opening a day-case clinic in Stellenbosch during the period. Hirslanden saw revenue growth of 5%, and its Middle East operations rose 8%.
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