Published On: Mon, Sep 19th, 2016

Life Healthcare earns spot in JSE’s Top 40 Index

health-careJOHANNESBURG, (CAJ News) – LIFE Healthcare Group Holdings Limited has been included in the Johannesburg Stock Exchange (JSE) Top 40 Index.

The accomplishment has been celebrated at the bourse on Monday.

Addressing the gathering, Life Healthcare Chief Executive Officer, André Meyer, said, “The JSE’s change in focus from a Top 40 ‘largest company’ index to a Top 40 ‘most investable company’ index is particularly gratifying since it recognises the underlying quality of the Life Healthcare Group and positions the business as a superior investment opportunity.”

“However, in the Top 40 index, where the largest investable companies are now represented according to free float adjusted market capitalisation, Life Healthcare now ranks 39th, hence its inclusion in the index,” Meyer added.

Meyer said that Life Healthcare is ranked as the 51st largest company in the JSE All Share Index in the September 2016 quarterly index review with a market capitalisation of R41,27 billion.

The second largest private hospital operator in South Africa, its primary business is acute hospital care where it has established 50 facilities situated in seven of South Africa’s nine provinces as well as the major metropolitan areas.

The Group also is the largest provider of complementary healthcare services through seven acute rehabilitation facilities our six mental health facilities and our renal facilities which provide 245 stations.

In addition, the Group has 286 occupational health clinics and 79 employee wellness clinics.

Internationally, Life Healthcare has a 46,25 percent stake in Max Healthcare, a large hospital group which operates in the northern region of India and also owns 100 percent of Scanmed SA, in Poland.

CAJ News

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