Sometimes it’s handy to get a reminder of the sheer size of Australian businesses with global operations. Ramsay Health’s recent acquisition of Scandinavian group Capio means it now has 77,000 employees, with its 480 sites admitting 8.5 million patients a year.
Compelling scale, compelling market positions, compelling long-term trends – the challenge, of course, is driving earnings.
Its December-half result was well received by investors, with the performance of its business in continental Europe, Ramsay Générale de Santé, ahead of expectations. And despite the clear pressure on private health providers in Australia, that business saw earnings before interest, tax, depreciation and amortisation rise 5.7 per cent.
James Thomson has the full story here.
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