Virtus Health Faces Domestic Challenges by Growing Offshore
No-moat Virtus Health reported results broadly in line with expectations after a challenging second half that was marred by market share losses in the price-sensitive markets of Queensland and Tasmania, offset by growing contribution from burgeoning offshore operations now in four countries. Reported net profit after tax of AUD 30.8 million on group revenue of AUD 262.1 million, up 2% and 9%, respectively, tracked our forecast of AUD 31.7 million and AUD 266 million, respectively. We are maintai...Virtus Health is a global healthcare company engaged in the provision of healthcare services which included fertility services, medical day procedure services and medical diagnostic services. As an Assisted Reproductive Services provider in Australia and Ireland with a presence in Singapore, Co. provides patients with access to some of the clinical and scientific capabilities in fertility treatment as well as assisted reproductive technologies.
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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