Life Healthcare’s revenue has already fallen by around R240 million due to the Covid 19 pandemic.
Life on Monday became the second private hospital group in the country to decide not to pay a dividend. For Mediclinic, whose fiscal year ends in March, it was the final dividend, but for Life Healthcare only the interim dividend, for the half year to the end of March.
The company’s profits will come under further pressure in the next six months, he said in a trade statement. This is attributed, among other things, to problems in supply chains and cost increases due to the pandemic, as well as the postponement of non-essential operations and scans.
The group issued a comprehensive trading statement detailing the impact of the pandemic on its business worldwide, as well as its hospitals’ preparation for an expected influx of patients.
This follows a similar outline that Mediclinic did on Friday. Life Healthcare released its half-year results on May 11.
The statement shows that Life, which operates more than 60 hospitals and clinics in South Africa, is expecting a sharp rise in the number of Covid-19 cases over the next few months.
The group says it has enough protective equipment for health care workers either already delivered or soon to be delivered. All employees wear masks to limit the risk of transmission of the virus that Covid-19 causes. The group is also working to equip employees so that they can wear masks even when they are not at work.
All health professionals received flu injections and infection control specialists in hospitals were training and completing infection control measures.
Guidelines for the testing, care, infection control and wearing of protective equipment for Covid-19 patients have also been developed.
The hospital group has 49 hospitals that can provide emergency care. There are 8 037 beds, of which 1 035 are high-care beds. The group has 682 ventilators and 366 portable ventilators.