Global Expansion Continues at Ramsay Health Care via the Acquisition of Capio
We have cut our fair value estimate for narrow-moat-rated Ramsay Health Care, or RHC, by 14% to AUD 65.00 per share following a reduction in our long-term earnings growth forecasts and the transition of coverage to a new analyst. However, at the current market price of AUD 54.38, we continue to believe the shares are undervalued. We have incorporated the acquisition of Swedish healthcare firm Capio AB, by RHC’s 51%-owned subsidiary Ramsay Générale de Santé, or RGdS, into our forecasts. This has ...Ramsay Health Care is a global hospital group, which is engaged in providing health care services. Co.'s facilities cater for a range of health care needs from day surgery procedures to complex surgery, as well as psychiatric care and rehabilitation. As of June 30, 2016, Co. operated 223 hospitals and day surgery facilities across Australia, the U.K., France, Indonesia, Malaysia and Italy.
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