Ramsay & Healthscope: Interim results 2016

Australia's hospital industry is under the Government's magnifying glass, but that didn't stop another solid six months of growth.

Australia’s largest private hospital operator, Ramsay Health Care, just got a whole lot larger. The company has reported a 25% increase in revenue to $4.2bn for the six months to December, mainly due to strong admission growth in Australia, the lower Aussie dollar and acquisitions in France.

After excluding non-cash rent on its UK hospitals, the company’s underlying earnings before interest, tax, depreciation and amortisation (EBITDA) increased 19% to $607m, while earnings per share rose 18% to $1.08.

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