Lowering Healthscope FVE on Higher Interim Operating Costs; All Eyes Now on the Second Half
Narrow-moat Healthscope delivered a disappointing first-half fiscal 2018 result that was below our expectations. Key issues previously flagged around the performance of Victorian, and to a lesser extent Tasmanian, hospital sites at the full-year 2017 briefing proved to be a greater drag in the period than we anticipated. This weakness was driven by nursing wage inflation, one-off planned brownfield expansion disruptions, softer private hospital market conditions with variability in case mix, and...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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