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Business Description: Primary Health Care Limited (PRY) is a service company to medical and allied health professionals offering a range of medical and related services in its network of medial centres and pathology centres across Australia. PRY is also a provider of healthcare technology solutions to medical practitioners, medical practices and hospitals.
Strategy Analysis: PRY's strategy is to build scale through integration. This provides extra processing volume in its pathology laboratories which translates to a lower unit cost of testing. Scale will also enable PRY to negotiate more favourable buying terms for consumables. The integrated company will have a larger breadth of medical centres which PRY management has experience in micro managing to extract and enhance greater economic returns.
Primary Health Care reported NPAT down 40.7% to $78.29m for the year ended 30 June 2011. Revenues from ordinary activities were $1.32bn, up 2% from last year. Diluted EPS was 15.8 cents compared to 27.7 cents last year. Net operating cash flow was $160.41m compared to $225.04m last year. The final dividend declared was 5 cents, taking the full year dividend to 8 cents compared with 25 cents last year. Looking ahead, the company is well positioned to be able to leverage off its extensive footprint and low cost structure base to achieve EBITDA and margin growth in each of its divisions in FY2012, as well as provide payers with better outcomes for their expenditure.
An educational booklet to help you learn the language of residential property financing with an introduction on how the tax system can help improve your cashflow.
The Age 3/02/2012 | HIGH-PROFILE director Geoffrey Cousins has called on major shareholders to block Gina Rinehart from gaining a board seat at Fairfax Media.
The Age 3/02/2012 | HIGH-PROFILE director Geoffrey Cousins has called on major shareholders to block Gina Rinehart from gaining a board seat at Fairfax Media.
Sydney Morning Herald 3/02/2012 | THE Telstra director Geoffrey Cousins has called on large shareholders in Fairfax Media to block Gina Rinehart from gaining a board seat.
Sydney Morning Herald 3/02/2012 | The publisher and direct marketer PMP has cut its earnings guidance and implemented further restructuring because of poor trading conditions and weaker printing orders. The news sent shares to a two-year low, down 4?, or 8.3 per cent, at 44?. Print markets in both Australia and New Zealand have suffered with existing customers using the services less, and intense competition for new contracts resulting in lower margins. Earnings before interest and tax, and before significant items, are now ...
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