VENTURES: Healthy Growth At Medi-Clinic
Recent Western Cape Business News
PRIVATE hospitals group Medi-Clinic, which has its roots firmly in the Western Cape, has added considerable capacity to its Cape-based operations.
With Medi-Clinic now operating as far afield as Switzerland and the Middle East (mainly Dubai) it is heartening to see the company is still ploughing back its capital into its traditional stronghold in the Western Cape. Medi-Clinic brought 180 new licensed hospital beds into commission in the year to end March 2010 - a good chunk of that number coming courtesy expansion to Western Cape facilities. Medi-Clinic now holds over 7 000 beds – a number that should nudge closer to 7100 in the financial year ahead.
One of the biggest developments for Medi-Clinic was the new 140-bed Cape Gate Medi-Clinic to better service Cape Town’s sprawling northern suburbs.
Situated on the N1 off-ramp between Brackenfell and Kraaifontein, Cape Gate Medi-Clinic provides consulting rooms to 25 fulltime specialists who support the 24 hour emergency centre at the hospital.
And it looks like a promising start to the new development with Medi-Clinic SA CEO Koert Pretorius advising in the company’s new annual report that occupancies at Cape Gate – which only opened in February - were above budget.
Pretorius also disclosed that extensive upgrade projects were also in progress at Panorama Medi-Clinic and Constantiaberg Medi-Clinic.
He said the upgrade project at Hermanus Medi- Clinic - which involved adding 25 beds – was completed during March 2010.
Other approved pro-jects for Medi-clinic included the Paarl Medi-Clinic with one additional theatre and four intensive care unit beds and the Stellenbosch Medi-Clinic for 10 additional beds.
Pretorius said the Stellenbosch Medi-clinic was approved for a hospital upgrade and one additional theatre – which is due for completion in December this year. Although Medi-Clinic’s expansion (countrywide, not just the Cape) has cost more than R300 million, Pretorius believed the company’s earnings would be enhanced from profits generated from greenfield projects such as Cape Gate Medi-Clinic as well as the expansion of existing hospitals.
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