Ramsay Health Care UK exceeds expectations in first year
Ramsay Health Care has released their first annual report since
entering the UK market – and the UK business has already exceeded
expectations.
Ramsay opened their first hospital over 40 years ago, in
Australia, and is still chaired by founder Paul Ramsay. The group
now has over 100 hospitals in three countries. The UK business
began with the acquisition of Capio Healthcare UK in November 2007,
and has since grown through the acquisition of Nottingham
Woodthorpe Hospital, from General Healthcare Group, in March
2008.
Chris Rex, Ramsay’s Chief Executive, comments: “Ramsay Health
Care UK is performing very well and exceeded expectations in 2008.
Hospital admissions were up 23% over the prior year. This was
largely due to NHS activity, which increased 237% over the prior
period.”
Ramsay Health Care UK’s growth is being bolstered by capital
expenditure of some £28 million over the 2009 and 2010 financial
years. Chris Rex continues: “Improvements will be carried out at a
number of facilities and will increase theatre day surgery and
diagnostics capacity.”
Paul Ramsay, Chairman, added: “Our approved investment will lead
to a 17% increase in operating capacity and we will continue to
look for capacity expansion and bolt-on acquisition opportunities
that will add value to our business.”
Jill Watts was appointed Chief Executive of Ramsay Health Care
UK in May 2008, having previously managed Ramsay’s largest private
hospital, in Brisbane, Australia. Jill Watts commented: “I am
delighted that the UK business has been integrated so smoothly. Our
results so far show that the strengths of the UK business have been
further enhanced by becoming part of the Ramsay group.”