Life Healthcare to increase stake in Max India

India Infoline News Service | Mumbai |

Life Healthcare plans to add 1,000 beds in South Africa in the next four years

South Africa private hospital group Life Healthcare will seek expansion opportunities in India and Africa to respond to slower profit growth.

Net income increased 15% to Rs. 790 million in the six months through March, compared with a 25% gain a year earlier, the Johannesburg-based company said in a statement on Tuesday. Paid patient days rose 1.5%, compared with 6% in 2012.

Life Healthcare expects to see increased demand for hospital services. The group will continue to look for additional growth opportunities in India and Africa.

Life Healthcare plans to add 1,000 beds in South Africa in the next four years. At present, the company owns a 26% stake in Max, a unit of Max India Ltd, and wants to increase its stake to 50%.
 

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