JOHANNESBURG – More and more people are seeking mental health assistance according to Netcare’s latest half-year results.
The private healthcare provider reported a steady improvement in its financial performance over the six month period ending on the 31st of March this year.
Occupancy levels at Netcare’s mental health facilities increased to 64.2-percent for the period in spite of the disruption to the operating environment caused by the fourth COVID-19 wave, driven by the Omicron variant.
The company’s profits improved thanks to higher hospital occupancy levels in recent months and lower spending on COVID-19 personal protective equipment.
Headline earnings per share were up 29-percent in the reporting period.