Regulatory changes in Poland have weighed on the SA hospital operator, with minimum wage laws resulting in a write down of R125m recently
Private hospital group Life Healthcare is exploring an exit from Poland, even as its international operations continued to outperform its business in SA during its year to end-September.
In Poland, Life Healthcare owns the Scanmed hospital group and provides diagnostic services through Alliance Medical. Life Healthcare said on Thursday it was exploring strategic options for a potential exit from this market. The company has been on the receiving end of regulatory changes in the market, including a R125m write down in its year to end-September due to changes to minimum employment costs.
Diagnostic services revenue grew 13.4% to R5.6bn, driven by strong volumes of PET-CT scans in the UK.In June, the company had disposed of its 49.7% interest in India-based Max Healthcare, realising a profit on the disposal of R1.5bn.
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