Ramsay Health Care (ASX:RHC) withdraws earnings for FY20

Company News

by Rachael Jones

Ramsay Health Care (ASX:RHC) has advised today that, given the ongoing high level of uncertainty surrounding the spread, duration and impact of coronavirus (COVID-19), it is withdrawing earnings guidance for FY’20.

Group Managing Director Craig McNally says: “It is vital that all health providers work together during this time to deliver the best care and treatment to patients within our communities.

The French government has cancelled all non-urgent surgery while their hospitals are providing much needed capacity and services as required by the French ministry of health.

In the United Kingdom, elective surgery has not been cancelled but they are in discussions with the NHS to provide services and capacity.

He said, in Australia, it was too early to determine the full impact of COVID-19.

They are seeing decisions to fast-track elective surgery in order to minimise any future potential disruption.

Shares in Ramsay Health Care (ASX:RHC) closed 6.05 per cent higher at $59.57.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.