NATALIE Davis will officially take charge as Managing Director and Group CEO of Ramsay Health Care effective from 02 Dec, the company announced today.
Davis (pictured) will replace Craig McNally (PD 31 Jul), who announced earlier this year he will be stepping down from the top job.
As previously confirmed, McNally will remain with the company until the end of Jun next year to assist with Davis' transition.
Addressing shareholders during the AGM, McNally said the company remains focused on transformation programs aimed at optimising its core hospital business, driving margin recovery, and improving returns for shareholders.
McNally said the company had seen growth in surgical, medical and rehab hospital admissions, while maternity and mental health admissions have declined.
From a technological standpoint, Ramsay continues to invest in AI robotics and treatment capacity, along with the best doctors from around the world to go with it.
McNally said the company is focused on "driving our own destiny" for FY25 despite what it said was "a constructive participation" in the Federal Government's review of the private hospital sector.
"We will continue to work with the industry to address some of the longer-term pressures we all face," McNally said.
Expressing concern about wage inflation, McNally said discussions will resume with its payors and suppliers to achieve fair compensation if levels rise above its forecast levels. ML
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