Health Care Stocks News Ramsay Healthcare (RHC)

Ramsay Healthcare RHC ASXRamsay Healthcare (RHC) is Australia’s largest private hospital operator, with approximately 30% of the market share.

RHC facilities cater for a broad range of health care needs from day surgery procedures to highly complex surgery, as well as psychiatric care and rehabilitation. The group boasts over 100 hospitals and facilities spread out over Australia, the UK and Indonesia.

On 20 December, Ramsay Healthcare announced that its first half result for the six months ended 31 December 2010 is likely to be 26%-28% higher on year.

This was due to a better than expected performance in the Australian business and a slightly better than expected performance in its UK business.

This has also translated into an upgrade in FY11 EPS growth of between 18% to 20% following a core NPAT guidance of 22%-24% growth.

RHC soared 4.6% on the day of the announcement, making it one of the top stock performers in the Australian share market.

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