Healthscope Takes Knife to Hospital Portfolio and Unveils Unlisted Property Trust Strategy
Narrow moat Healthscope’s full-year results contained myriad nonrecurring items, reflecting a year of restructuring and remedial action across the hospital portfolio. Despite a stronger second half, the company’s net profit after tax of AUD 151.2 million on group revenue of roughly AUD 2.3 billion, down 10.3% and up 3.7% year on year, respectively, trailed our forecast for AUD 181 million and AUD 2.,4 billion after adjusting for the recent divestment of Asian pathology assets. The main factor wa...Healthscope is a private healthcare provider, with 45 private hospitals and 48 medical centres and skin clinics across Australia, as well as 56 international pathology laboratories. Co. is also a provider of pathology services in New Zealand, Singapore and Malaysia. Co.'s reportable segments are Hospitals Australia, which provides management and surgical and non-surgical private hospitals; Pathology New Zealand, which provides pathology services in New Zealand; and Other, which provides pathology services in Malaysia, Singapore and Vietnam and practice management services in medical centres in Australia.
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