For Investors

We have extensive experience working across different countries, each presenting their own unique opportunities and challenges. This has sharpened our ability to be agile and flexible in our approach, allowing us to adapt our offering to meet the requirements of different markets and cultures and ensure that we meet the overall business and objectives of these opportunities. 

Our focus is long-term in nature where we believe a strong partnership bond from the outset will contribute to further areas of expansion and growth to be identified, explored and shared between the parties.  Our growth, both organic and acquisitive, over 40 years reflects our legacy of sound resilience, entrepreneurial drive and agility, while operating with a strong ethical culture.

Our Value Proposition

Our above approach has contributed to Lenmed’s success to date where we believe we bring the following 
value to our partners and stakeholders, and which sets us apart from other competitors:

Successful 40-year business history, with proven track record in optimizing healthcare facilities to deliver sustainable value for all stakeholders.

Highly committed and experience management team, with a dedicated head office structure encompassing more than 50 managers, bringing over 1,000 years of combined hospital management and broader healthcare experience.

Corporate offices setup in the UAE, with the Lenmed Group CEO, Amil Devchand, permanently relocated to the UAE as a show of intent and commitment to growing our presence in the region.

Full array of healthcare expertise ranging from commissioning of greenfield projects to management services across different geographies.

Clinical and patient outcomes supported by world class accreditations.

Established clinical governance structures, quality initiative and training models.

Excellent operating platform combined with people and system infrastructure.

Leading corporate governance culture.

Specialised Departments at Select Hospitals

Cardiology and Cardiothoracic Surgery
Gastroenterology
Obstetrics
Oncology
Paediatrics
Stroke

Lenmed Hospitals and Medical Centres

Ahmed Kathrada
Private Hospital
Daxina Private
Hospital
Randfontein Private Hospital
Zamokuhle Private Hospital
Ethekwini Hospital And Heart Centre
Howick
Private Hospital
La Verna
Private Hospital
Shifa
Private Hospital
Kathu Private
Hospital
Royal Hospital
and Heart Centre
Daleside Day
Hospital
MooiMed
Private Hospital
Parkmed Neuro
Clinic
Sunningdale
Private Hospital
Wilmed Park Hospital and Heart Centre
Beira Private
Hospital
Bokamoso Private
Hospital
Maputo
Private Hospital
The Bank
Private Hospital

Our Financials

Lenmed King IV™ Overview 
Interim results for the six months ended 31 August 2020
Annual Integrated Report 2020
Audited financial results for the year ending February 2020
Interim results for the six months ended 31 August 2019
Annual Integrated Report 2019 and notice of AGM
Annual Integrated Report 2019 and notice of AGM – PDF
Preliminary Statements 2019

Lenmed's Excellence in Healthcare

Lenmed Private Hospital Group is proudly an industry-leading Broad-Based Black Economic Empowerment (B-BBEE) Contributor.

Lenmed’s Ethekwini Hospital and Heart Centre in Durban, KwaZulu-Natal is the only hospital on the continent to be accredited by the American College of Cardiology and is the only hospital in the province to offer paediatric cardiac surgery.

Lenmed’s Ethekwini Hospital and Heart Centre in Durban, KwaZulu-Natal proudly completed a cardiac transplant in 2022, launching the Lenmed transplant programme.

We introduced cardiac and oncology services to Lenmed’s Ethekwini Hospital and Heart Centre in Durban, KwaZulu-Nata, becoming profitable within 18 months from opening its doors.

Bokamoso Hospital and Heart Centre is the only hospital in Botswana to offer cardiac services, vascular surgery and nuclear medicine.

Royal Hospital and Heart Centre in the Northern Cape offers the only cardiac and radiotherapy service in the province.

Our Directors

A premier international healthcare organization with a network of state-of-the-art hospitals 

and medical facilities across multiple countries.

Executive Directors

Prakash Devchand (70)​
Chairman - CA(SA)

Prakash Devchand is a seasoned chartered accountant with more than 37 years of experience in the healthcare industry. He joined the Board of Lenmed in 1986 and assumed the roles of Chairman and Chief Executive Officer (CEO) in 1998. During his tenure as CEO, Prakash played a pivotal role in driving substantial growth within Lenmed’s local operations and spearheading the Group’s expansion into Africa. On 1 March 2020, Prakash transitioned from his role as CEO but continues to serve as Chairman and a valued member of the Board, bringing his wealth of industry expertise and strategic vision to guide Lenmed’s continued success and expansion efforts.
Amid Devchand (40)​
Chief Executive Officer – CA (SA), GMP(HBS)
Amil Devchand joined the Lenmed Group in 2011 and has held several key positions, including Chief Financial Officer (CFO), Chief Operations Officer (COO), and Deputy Chief Executive Officer (CEO). As a chartered accountant with deep industry experience, Amil has served as the past chairman and current director of the National Hospital Network (NHN) and a former director of the Hospital Association of South Africa (HASA). He is also an alumnus of the Harvard Business School. Amil assumed the role of CEO of the Lenmed Group on 1 March 2020, bringing his extensive expertise and strategic leadership to guide the Group’s continued growth and success in the healthcare industry.
Fredre Meiring (49)
Chief Financial Officer – CA (SA)

Fredré Meiring was appointed as Chief Financial Officer (CFO) of Lenmed in 2019. A qualified chartered accountant, Fredré was previously partner and Chief Operating Officer (COO) of the Financial Advisory Division at Deloitte Africa. He brings over 20 years of extensive investment banking experience, specializing in debt and capital structuring and advisory across diverse industries. Fredré is affiliated with several organisations including the South African Institute of Chartered Accountants (SAICA), Association of Corporate Treasurers, and the South African Institute of Financial Markets. His wealth of expertise and industry insights contribute to driving Lenmed’s financial strategy and operational excellence.

Non-Executive Directors

Bharti Harie (53)
Independent Non-Executive Director – BA LLB (Natal), LLM (Wits)

Bharti Harie joined the Board of Lenmed in 2010, bringing a wealth of legal expertise as an admitted attorney, notary and conveyancer. She currently serves on the Audit and Risk Committee and chairs the Remuneration and Nominations Committee. Bharti is an independent non-executive director on the boards of Ascendis Health Limited and Stefanutti Stocks Limited. Additionally, she holds a non-executive director position at Bell Equipment Sales South Africa, serves as vice-chair of Saint David’s Marist Inanda School, and contributes to the Marist Schools Council.
Nomahlubi Simamane (65)
Independent Non-Executive Director –BSc (Honours) (University of Botswana and Swaziland), MA(USA)
Nomahlubi Simamane was appointed to the Board in 2012. Nomahlubi is the Chief Executive Officer (CEO) of Zanusi Brand Solutions (Pty) Limited, a brand consultancy firm. She serves on the boards of several companies including Hollard, Oceana and The Foschini Group. Nomahlubi’s achievements include winning the Top Businesswoman of the Year Award in the National Business Awards and being named Businesswoman of the Year at the Black Business Awards.
Prof Bhaskar Goolab (76)​
Non-Executive Director – MBBS (Bombay), FRCOG (London)

Professor Bhaskar Goolab was appointed to the Board in 1999. He is in private practice and is attached to the University of the Witwatersrand, where he is the head of the Department of Gynaecology and Endoscopy. Prof. Goolab’s leadership extends beyond academia; he was elected President of the South African Society of Obstetrics and Gynaecology in January 2012 and currently serves on the board of the International Society of Gynaecology and Endoscopy, where he chairs the training council for developing countries.
Prakash Devchand (62)
Independent Non-executive Director – MBA (University of Cape Town), MBBCh (Wits)
Dr. Gunvant Goolab, appointed to the Board in August 2020, brings extensive executive and healthcare industry experience to Lenmed. A qualified medical practitioner, Dr. Goolab previously served as principal officer of Government Employees Medical Scheme (GEMS) from 2013 to 2020 and held the role of Chief Executive Officer (CEO) at AstraZeneca SA (Pty) Limited in South Africa and sub-Saharan Africa from 2004 to 2013. Dr. Goolab currently serves as a director of Lunar Capital (Pty) Limited and – director of HiGain Investments (Pty) Limited. Dr Goolab also serves as a trustee of Thebemed medical scheme. In addition, he serves as a director of the Board of Healthcare Funders and Health Quality Assessment. In recognition of his leadership in governance, Dr. Goolab obtained the designation of certified director with the Institute of Directors in South Africa in 2021.
Vaughan Firman (61)​
Non-Executive Director – MBAcc, CA(SA), HDip Tax Law (Wits), MA and MPhil (both in USA)
Vaughan Firman is a qualified chartered accountant with over 20 years’ experience in the healthcare industry. His comprehensive experience as a financial director includes serving as both an executive as well as an independent non-executive director on numerous JSE- and non-JSE-listed companies. Vaughan’s expertise spans mergers and acquisitions, operational efficiencies, internal audit implementation, enterprise resource planning (ERP) systems execution and international taxation structuring. Vaughan’s contributions to the healthcare sector have been recognised with awards such as Healthcare CFO of the Year in 2021 and Best Emerging Markets CFO in Healthcare for 2020 in the Global CFO Excellence Awards category.

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