Ramsay Health Care Reports Rise in Annual Net Profit, Adjusts Post-Covid Strategy

Ramsay Health Care recently announced a 5.1% rise in its annual net profit, attributed to improved surgical volumes. However, the private hospital operator intends to adapt its approach in the post-Covid era.

With the anticipation of a return to more normalized conditions by the 2024 fiscal year, Ramsay acknowledges the need for modified investment strategies due to higher development costs and disruptions in the building industry. The company aims to ensure disciplined capital allocation and focused execution of its strategy, with Australia as the key priority for investment.

In line with this shift, Ramsay plans to invest more heavily in digital and data platforms in Australia to drive growth and enhance operational efficiency. Additionally, the organization will focus on expanding treatment and diagnostics capacity, as well as out-of-hospital activities, providing patients with a more comprehensive and integrated healthcare experience.

For the 12 months ending June, Ramsay reported a net profit of AUD 298.1 million, excluding currency impacts, marking an increase from AUD 274.0 million in the previous year. Earnings before interest and tax (EBIT) also rose by 13% to AUD 1 billion.

As a globally recognized healthcare provider, Ramsay operates over 500 hospitals and clinics across 11 countries. The company has declared a final dividend of 25 Australian cents per share, resulting in an annual payout of AUD 0.75 per share.