Q84 Hospitals

Patients wait too long for life-saving care – report

roymorgansocial Leave a comment

Original article by Nicole Hasham
The Sydney Morning Herald – Page: 11 : 10-Dec-14

The Auditor-General’s office in New South Wales (NSW) has issued the latest survey of public hospital emergency department performance. It shows an improvement on 2013, despite a rise in patient numbers to close to 2.7 million. However waiting times at hospitals in the Sydney, Central Coast and Western NSW health districts were unacceptably long, as the facilities failed to meet the standard of four fifths of patients being treated within 10 minutes. Ambulance response times meanwhile have fallen to 10.8 minutes, in the biggest improvement since 2009

CORPORATES
NEW SOUTH WALES. AUDITOR GENERAL’S DEPT, NEW SOUTH WALES. MINISTRY OF HEALTH, GOSFORD HOSPITAL, ROYAL PRINCE ALFRED HOSPITAL, CONCORD HOSPITAL, CANTERBURY HOSPITAL, AMBULANCE SERVICE OF NEW SOUTH WALES, AUSTRALIAN LABOR PARTY

Ramsay plays down Brexit risks as recovery starts to show

roymorgansocial Leave a comment

Original article by Carrie LaFrenz
The Australian Financial Review – Page: 17 & 22 : 1-Mar-19

Ramsay Health Care has reported a 2018-19 interim net profit of $270.1 million, up 9.6 per cent, while revenue rose by 14.9 per cent to $5.12 billion. Meanwhile, CEO Craig McNally says its UK division is beginning to show some promising signs, although Brexit could pose some short-term challenges. Ramsay’s UK unit generates less than 10 per cent of the private hospital operator’s revenue. McNally says that staffing and supply would be the two biggest areas where Brexit would impact on its UK division.

CORPORATES
RAMSAY HEALTH CARE LIMITED – ASX RHC, CAPIO AB, MONTGOMERY INVESTMENT MANAGEMENT PTY LTD

Healthscope $6 billion bid ‘opportunistic’, but worth a look

roymorgansocial Leave a comment

Original article by Jessica Gardner, Sarah Thompson, Anthony Macdonald
The Australian Financial Review – Page: 15 & 22 : 27-Apr-18

Private hospital operator Healthscope has received a $A4.1 billion takeover bid from a private equity consortium led by BGH Capital. Other members of the consortium include AustralianSuper and the Ontario Teachers’ Pension Plan Board. They are offering $A2.36 per share in cash, as well as taking on around $A1.7 billion in debt. Australian Ethical Investment fund manager Andy Gracey considers the bid to be "opportunistic", but one that investors with a more short-term view may consider.

CORPORATES
HEALTHSCOPE LIMITED – ASX HSO, BGH CAPITAL PTY LTD, AUSTRALIANSUPER PTY LTD, ONTARIO TEACHERS’ PENSION PLAN, AUSTRALIAN ETHICAL INVESTMENT LIMITED – ASX AEF, GIC PRIVATE LIMITED, CANADA PENSION PLAN INVESTMENT BOARD, TELSTRA CORPORATION LIMITED – ASX TLS, WATERMARK FUNDS MANAGEMENT PTY LTD, HYPERION ASSET MANAGEMENT LIMITED, ELLERSTON CAPITAL PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, SUMITOMO CORPORATION

Boomers will keep Ramsay’s hospital beds full

roymorgansocial Leave a comment

Original article by Jessica Gardner
The Australian Financial Review – Page: 13 & 18 : 27-Feb-15

Australian-listed Ramsay Health Care has posted a 2014-15 interim net profit of $A191.4m, which is 21.3 per cent higher than previously. The private hospitals group recorded revenue of $A3.3bn for the half-year, an increase of 41.6 per cent. Its Australian division’s EBIT was up 12.6 per cent at $A282.8m and revenue was eight per cent higher at $A2bn. Ramsay expects core net profit for the full year to be 18-20 per cent higher than previously

CORPORATES
RAMSAY HEALTH CARE LIMITED – ASX RHC, GENERALE DE SANTE SA, AUSTRALIAN LABOR PARTY, HYPERION ASSET MANAGEMENT LIMITED

Full beds limit Healthscope’s growth

roymorgansocial Leave a comment

Original article by Jessica Gardner
The Australian Financial Review – Page: 17 : 25-Feb-15

Healthscope has posted a 2014-15 interim net profit of $A58.6m, after a loss for the previous corresponding period. The group’s hospital revenue rose by 6.3 per cent to $A938.9m. CEO Robert Cooke notes that Healthscope’s existing hospitals are overstretched, with just 23 new beds added in the last 18 months. The group aims to open nearly 1,000 additional beds in the next three years

CORPORATES
HEALTHSCOPE LIMITED – ASX HSO, HYPERION ASSET MANAGEMENT LIMITED

Police seek new deal with NSW Health on responding to crises

roymorgansocial Leave a comment

Original article by James Robertson
The Sydney Morning Herald – Page: 13 : 5-Feb-15

The number of people with a mental illness taken to hospital by police in New South Wales rose from 3,000 in 2000 to close to 50,000 in 2014. Police believe the rise has been caused by the increasing use of drugs. Professor Ian Hickie, from Sydney University’s Brain & Mind Institute, said it was the job of health professionals to transport people with health illness

CORPORATES
NEW SOUTH WALES POLICE FORCE, UNIVERSITY OF SYDNEY. BRAIN AND MIND RESEARCH INSTITUTE, NEW SOUTH WALES AMBULANCE TRANSPORT SERVICE BOARD

Workload warning after trainee deaths

roymorgansocial Leave a comment

Original article by Julia Medew
The Age – Page: 6 : 4-Feb-15

David Castle, who chairs the Victorian branch of the Royal Australian & New Zealand College of Psychiatrists, says the body has for some time voiced fears about the job stress created for members by new rules in the Mental Health Act. The comments follow reports that three trainee psychiatrists at the state’s hospitals died unexpectedly in late 2014 and early 2015, as well as an intern at Geelong Hospital. New Victorian Mental Health Minister Martin Foley has refused to declare whether there will be an investigation into the deaths

CORPORATES
THE ROYAL AUSTRALIAN AND NEW ZEALAND COLLEGE OF PSYCHIATRISTS, VICTORIA. DEPT OF HEALTH, THE GEELONG HOSPITAL, AUSTRALIAN MEDICAL ASSOCIATION (VICTORIA) LIMITED

Health cover costs could rise by 7pc

roymorgansocial Leave a comment

Original article by Jessica Gardner
The Australian Financial Review – Page: 3 : 22-Jan-15

Australian Health Minister Sussan Ley is expected to approve health insurance premium increases as high as seven per cent from 1 April 2015. Health insurance firms argue that rises of up to triple the rate of inflation are justified because of increased use of services, rising care costs and costs associated with technological progress

CORPORATES
AUSTRALIA. DEPT OF HEALTH, NIB HOLDINGS LIMITED – ASX NHF, MEDIBANK PRIVATE LIMITED – ASX MPL, WESTFUND HEALTH INSURANCE, CONSUMER HEALTH FORUM, AUSTRALIA. PRODUCTIVITY COMMISSION

Perth toddler first person to get artificial pancreas

roymorgansocial Leave a comment

Original article by Aleisha Orr
The Age – Page: 10 : 22-Jan-15

A team at Princess Margaret Hospital for Children in Perth has fitted a newly developed medical device that functions as an artificial pancreas to a four-year-old boy suffering from type-1 diabetes. The battery-powered pump supplies insulin in doses according to automated readings of glucose levels, in order to prevent hypoglycaemic attacks. The product is already freely available to diabetes patients, including adults, but the cost is still high at $A10,000

CORPORATES
PRINCESS MARGARET HOSPITAL

Cancer surge strains hospitals

roymorgansocial Leave a comment

Original article by Cathy O’Leary
The West Australian – Page: 3 : 21-Jan-15

There is growing concern that Western Australian hospitals will not be able to cope with the growing number of cancer patients. The state’s population grew by 40 per cent between 1992 and 2011, but there was a 250 per cent increase in the number of people needing treatment for cancer over the same peiod. In addition to more people being diagnosed with cancer, life expectancy for cancer sufferers has also increased

CORPORATES
CANCER COUNCIL WESTERN AUSTRALIA, CURTIN UNIVERSITY OF TECHNOLOGY