Ramsay Health Care Ltd Enhancing asset position
Enhancing asset position: Ramsay Health Care Ltd (ASX: RHC) stock lost over 18% in the last four weeks (as of September 20, 2017) impacted by unsuccessful expansion efforts in China. On the other hand, the overall performance of the group is good, wherein their net asset position surged 15.3% which is largely attributable to their present year’s profit after tax of $489 million less dividends paid to Ramsay shareholders of $265 million. There are few projects under construction that are worth $385 million and due to be finished in the next two years. The group’s expansion efforts comprise St Andrew’s Private Hospital in Ipswich, Albert Road Clinic in Melbourne, Warners Bay Private Hospital in Newcastle and the new Northside Clinic in Sydney.
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