Netcare results: More people seeking mental health services

Business

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% 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 occupancy levels in recent months and lower spending on Covid-19 personal protective equipment.

Headline earnings per share were up 29% in the reporting period.

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