LISTED hospitals and healthcare company Ramsay Health Care is seeing its business volume grow driven by the ageing population in Australia, md Craig McNally told investors at the company's annual general meeting yesterday.
McNally summarised the full year 2017 results as reported previously (PD 12,13 Sep), highlighting some company statistics.
The network now boasts 221 hospitals, 25,000 hospital beds, 39 emergency departments, more than 200 pharmacies, 14 healthcare and treatment facilities, 1,500 operating theatres, 4,000 mental health beds and 60,000 employees.
Almost 3.5 million patients have been admitted into Ramsay hospitals during the full year with more than 1.7 million procedures, 60,000 babies delivered and 2.2 million scripts dispensed by Ramsay Pharmacy.
McNally said that in Australia, the majority of the company's funding arrangements were negotiated with "satisfactory outcomes and multiyear terms".
The company has been able to focus on affordability of health care in Australia with operational efficiencies continuing to drive margin improvements.
Again there was an emphasis on non-hospital earnings growth opportunities with the expansion of the Ramsay Pharmacy franchise.
Company chairman Michael Siddle used the opportunity to announce the appointment of David Thodey to the Ramsay Health Care Board as a non-executive director set for 28 Nov.
Thodey is described as a global technology and telecommunications executive with more than 30 years experience "creating brand and shareholder value" with extensive "innovation experience across a wide range of sectors".
He replaces Patrick Grier who stepped down at the conclusion of the AGM yesterday, as part of the "structured board renewal process," Siddle explained.
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