Hills finding success within healthcare
Chief executive Ted Pretty says Hills is a trusted brand and that trust could help it gain traction in new markets.
"Our entry into healthcare has been very well received and reflects the trust and faith placed in us," Mr Pretty told the company's annual general meeting in Adelaide.
"During FY14 [financial year 2013-14] it is our intention to continue to build on this trust."
Hills is in the midst of transforming from a diversified group heavily exposed to the manufacturing and steel sectors to a smaller firm focused on the technology and communications sector, where higher returns are available.
The company is well known for making the Hills Hoist.
Hills has established the Hills Health Solutions business and purchased Merton Health Communications and Hospital Television Rentals in September this year.
These businesses provide communications, nurse call, monitoring and entertainment systems for hospital and aged-care centres.
Mr Pretty said Hills now had a presence in more than 300 Australian hospitals and aged care facilities, servicing about 40,000 beds.
"We will continue to look for additional opportunities in the healthcare sector," he said.
Hills hopes to generate 75 per cent of its revenues from technologies and communications by the 2015-16 financial year.
Mr Pretty said Hills was seeking to be a provider of products and services to "trusted environments" such as hospitals, homes, schools, universities and public safety institutions.
In the first quarter of the current financial year, Hills' trading results had been pleasing, Mr Pretty said, and the company was comfortable with market expectations of a net profit for the year of between $24.1 million and $27.6 million.
Hills shares closed 3.5¢ down at $1.81.
Frequently Asked Questions about this Article…
Hills has expanded its technology and communications business into the healthcare sector, establishing Hills Health Solutions and acquiring Merton Health Communications and Hospital Television Rentals. These businesses provide communications, nurse call, monitoring, and entertainment systems for hospitals and aged-care centers.
Hills is focusing on expanding its technology and communications business into the healthcare sector, leveraging its trusted brand to gain traction in new markets. The company has established Hills Health Solutions and acquired Merton Health Communications and Hospital Television Rentals to provide communications, nurse call, monitoring, and entertainment systems for hospitals and aged-care centers.
Hills' entry into the healthcare sector has been very well received, reflecting the trust and faith placed in the company. This positive reception is seen as a foundation for further growth in this area.
Hills' entry into the healthcare sector has been very well received, reflecting the trust and faith placed in the company. This positive reception is part of Hills' strategy to build on its reputation as a trusted brand.
Hills aims to generate 75% of its revenues from technologies and communications by the 2015-16 financial year, focusing on trusted environments such as hospitals, homes, schools, universities, and public safety institutions.
Hills aims to generate 75% of its revenues from technologies and communications by the 2015-16 financial year. This goal is part of its transformation from a diversified industrial firm to a company focused on technology and communications.
Hills currently has a presence in more than 300 Australian hospitals and aged-care facilities, servicing about 40,000 beds.
Hills has recently acquired Merton Health Communications and Hospital Television Rentals. These acquisitions are part of Hills Health Solutions, which provides essential services like communications, nurse call, monitoring, and entertainment systems for healthcare facilities.
Hills is comfortable with market expectations of a net profit for the year between $24.1 million and $27.6 million, with pleasing trading results in the first quarter of the current financial year.
Hills currently has a presence in more than 300 Australian hospitals and aged care facilities, servicing about 40,000 beds. This extensive reach is part of its strategy to expand in the healthcare sector.
Hills plans to continue looking for additional opportunities in the healthcare sector, leveraging its trusted brand to gain traction in new markets.
Hills is comfortable with market expectations of a net profit for the year between $24.1 million and $27.6 million. The company's trading results in the first quarter of the current financial year have been pleasing, supporting these expectations.
Hills is well known for making the Hills Hoist, a popular rotary clothesline, and is in the process of transforming from a diversified group focused on manufacturing and steel to a firm centered on technology and communications.
Hills aims to be a provider of products and services to 'trusted environments' such as hospitals, homes, schools, universities, and public safety institutions. This vision aligns with its strategy to focus on technology and communications sectors.
Hills shares recently closed 3.5 cents down at $1.81, reflecting market fluctuations and investor sentiment.
Hills shares recently closed 3.5 cents down at $1.81. This reflects the market's response to the company's ongoing transformation and strategic initiatives in the healthcare sector.
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