Healthscope Reports In Line; Victorian Hospitals to Remain a Drag on First Half
We maintain our AUD 2.60 fair value estimate for narrow-moat-rated Healthscope. The full-year result was broadly in line with our forecasts. Net profit after tax, or NPAT--before nonrecurring items and after adjusting for the recent divestment of the Australian Medical Centres--fell 5.6% to AUD 180 million on group revenue of AUD 2.3 billion, up 3.8% year on year.The Australian Hospital division, representing 45 hospitals and 87% of group revenue, fell slightly short of our expectations with to...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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