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Ramsay Health Care ( (AU:RHC) ) has issued an update.
Ramsay Health Care has reported a solid performance in its core hospital businesses in Australia and the UK, despite challenges faced by its Elysium and Ramsay Santé divisions. The company is undergoing a multi-year transformation, focusing on improving its Australian hospital business, enhancing capital discipline, and evolving its operational culture. Key strategic initiatives include major negotiations with private health insurers, restructuring its psychology business, and implementing ‘Big 5’ hospital operations initiatives. The company has also made key executive appointments to support its transformation efforts. Financially, Ramsay reported a significant drop in net profit after tax due to non-recurring items, but underlying profit from continuing operations showed a modest increase. The company remains focused on executing its strategic priorities to improve financial and operational performance.
The most recent analyst rating on (AU:RHC) stock is a Hold with a A$46.55 price target. To see the full list of analyst forecasts on Ramsay Health Care stock, see the AU:RHC Stock Forecast page.
More about Ramsay Health Care
Ramsay Health Care is a prominent player in the healthcare industry, primarily focusing on private hospital operations in Australia and the UK. The company is also involved in mental health services and telehealth care, with a significant presence in Europe through Ramsay Santé. Ramsay Health Care is committed to transforming its operations to enhance performance and shareholder returns.
Average Trading Volume: 555,976
Technical Sentiment Signal: Sell
Current Market Cap: A$8.78B
For an in-depth examination of RHC stock, go to TipRanks’ Overview page.