Life Healthcare Group Explained

Life Healthcare Group
Type:Public
Revenue:R 18.5 Billion (2019) [1]
Operating Income:R 2.8 Billion (2019)
Website:lifehealthcare.co.za

Life Healthcare Group, formerly Afrox Healthcare, is the second largest private hospital operator in South Africa, with 6,500 beds. It is also the largest black-owned hospital operator in South Africa.[2]

Afrox was traded on the JSE Securities Exchange until it was sold to Business Venture Investments Limited (Bidco), a black empowerment group, in 2005.[3] [4]

It bought Alliance Medical for about 10.4 billion rand, in November 2016.[5]

Notes and References

  1. Web site: Annual Results 2019. Life Healthcare Group. 2 January 2020.
  2. News: MD who's unafraid to voice a second opinion. Shevel, Adele. Sunday Times. 2005-05-08. 10.
  3. News: Afrox Healthcare empowerment deal gets green light. Business Day. 2005-03-05. Njobeni, Siseko. 17.
  4. News: Botha . Zonika . R3,1bn deal to empower SA healthcare . Engineering News . 28 November 2003.
  5. News: South Africa's Life Healthcare to buy Britain's Alliance Medical for $727 million. 15 December 2016. Reuters. 16 November 2016.