Healthscope Limited growth slows

Company News

by Jessica Ellerm


Healthscope Limited (ASX:HSO) has announced it has experienced slower than expected growth in its hospitals in the first quarter.

MD Robert Cooke has indicated a number of various data points across the industry are showing hospital volume growth has slowed.

If the current trends continue the company expects Operating Earnings for its hospital division to be flat year on year.

The company has indicated its commitment to hospital expansion located in key growth corridors will remain and expects these projects to deliver strong earnings growth as they ramp up over time.

Healthscope Limited posted a net profit of $181 million at 30 June 2016.

 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.