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The latest announcement is out from Ramsay Health Care ( (AU:RHC) ).
Ramsay Health Care has agreed to acquire the assets and operations of National Capital Private Hospital in Garran, Canberra, from Healthscope Group entities for a net price of $251 million, funded through its existing debt facilities. The strategically located hospital, co-located with Canberra Hospital and adjacent to the Australian National University Medical School, has 8 theatres, a cath lab, 148 beds, an ICU and coronary care unit, and operates on a long-term lease with Canberra Health Services extending to 2064. Ramsay expects National Capital to rank among its top 20 hospitals by revenue and profitability and to be earnings-per-share accretive within the first 12 months, while keeping group leverage within its target of less than 2.5 times, underscoring the deal’s significance for Ramsay’s growth in key therapeutic areas and strengthening its presence in an attractive catchment area, subject to competition approval and completion expected in 2026.
The most recent analyst rating on (AU:RHC) stock is a Hold with a A$34.80 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 global private hospital operator listed on the ASX, specialising in acute health care services with a focus on high-acuity areas such as cardiac, orthopaedics and oncology, and operates a network of hospitals and health facilities across Australia and other markets.
YTD Price Performance: 2.56%
Average Trading Volume: 687,735
Technical Sentiment Signal: Sell
Current Market Cap: A$7.95B
Learn more about RHC stock on TipRanks’ Stock Analysis page.