For the better part of a decade, Ramsay Health Care was a market darling with profits growing at a strong double-digit clip, supported by demand for hospital services generated by demographic changes.
Ramsay seemed to never put a foot wrong. Mr Rex followed suit, expanding the Ramsay brand offshore, after realising that the potential for domestic acquisitions was limited.while delivering an upgrade to full-year guidance. Under Mr Rex’s tenure, the company’s market value had grown from $1.8 billion to nearly $14.5 billion.
The golden era of reform in private health under then prime minister John Howard, which supported private players by instituting measures such as the Medicare Levy Surcharge, was coming to an end.Ramsay was deploying billions in capital investing in brownfield developments in Australia.
“There has been a lack of clear direction from the company, with mixed messages on where they will look to grow, and what they will invest in and where they will carry out M“It also looks increasingly clear that it would be hard for shareholders to realise this sort of value in public markets under the current strategy.