The group says the challenging healthcare landscape is expected to continue into the second half of the 2019 financial year.
Private healthcare group Netcare on Monday reported a 7.9% decrease in normalized group profit after taxation to R1.115 billion for the six months ended 31 March 2019, down from R1,211 billion the previous year.
Netcare said the constrained environment has been exacerbated by the number of medical scheme members in South Africa remaining stagnant, while there had been an acceleration in the number of hospital networks introduced by medical schemes. “Pleasing progress has been made in this regard, and the integration of Akeso Clinics has proceeded smoothly, while this recently acquired Netcare business continues to experience strong activity growth, while also expanding its footprint,” he said.
Netcare said the challenging healthcare landscape was expected to continue into the second half of the 2019 financial year.
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