Australia’s largest private hospital operator, Ramsay Health Care, has produced a result like so many other companies on the ASX 200 (outside the big iron ore miners) in the current June 30 reporting season - OK but nothing to boast about.
The UK NHS has published hospital activity data for April. UBS estimates NHS e-referrals represent around 79% of Ramsay Health Care's UK total admissions. April volumes for Ramsay decreased -2.9% while 12-month rolling growth moderated to 4.9% from 6.5% at the end of March.
The board of Capio has unanimously recommended the RGdS offer of SEK58 per share. Capio has consequently cancelled the planned sale of the French division to a third party and RGdS has lowered the minimum acceptance condition to 75% from 90%.
Ramsay’s core profit was in line with the broker, with a bit of help from a tax benefit, while Australian operating earnings rose 10% despite a deterioration in conditions in the fourth quarter, the broker notes.