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HomeWeekly RoundupCOVID-19 weighs on Mediclinic's performance

COVID-19 weighs on Mediclinic's performance

Private hospital group Mediclinic said COVID-19 weighed on the performance in its Southern African business in June, though its offshore operations performed better. Business Day reports that in an update the group said revenue in Southern Africa fell by about 12% year on year in June, with South Africa yet to reach its initial COVID-19 peak.

As lockdown measures are relaxed, the gradual re-introduction of elective procedures and outpatient activities led to improved operating performance, the group said, and Switzerland and the United Arab Emirates have passed the initial peak of the pandemic.

“The severity, duration and full impact of the COVID-19 pandemic and its economic aftermath on all businesses, including Mediclinic, continues to be uncertain,” the trading update reads. There remains a risk to elective procedures and outpatient activity from a continuation or re-introduction of lockdowns and other measures in response to the pandemic, the group said, as well as the risks in terms of the availability of staff and a disruption in supply chains.

 

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