Healthscope Announces Vastly Improved F2014 Year, Relists on ASX

By We Photo Booth You

Healthscope, Australia’s second largest private hospitals operation, had a strong F2014 year, especially when compared to F2013. Although the upfront numbers detail a net loss of $19.3 million in the year end of 30 June, this is a huge (83.6 percent) improvement over F2013, when the company recorded a loss of $117.3 million.

Robert Cooke, chief executive officer at Healthscope, said that all of the company’s businesses are performing strongly. Revenue grew by 5.1 percent on F2013, with the hospitals and international pathology divisions showing greater growth: 5.5 and 17.6 percent respectively. The hospitals division generates nearly 79 percent of the group’s earnings.

The dynamics of the Australian healthcare industry continue to be favourable. The growing and ageing population, along with greater medical treatment capabilities and the high level of private health insurance coverage all contribute to the strong growth opportunities the hospitals division has.

Currently, Healthscope has four projects underway including the Gold Coast Private Hospital and major expansion at the National Capital Private Hospital in Canberra. Forthcoming projects include upgrades at Norwest in Sydney and Knox Private Hospital in Melbourne, with construction to start in the near future.

With a better financial outlook and quite a few positive moves forward, Healthscope looks to have strong growth opportunities and a the potential to continue performing strongly.

"The clear strategies that are in place, the strong growth pipeline and the attractive industry fundamentals together provide a favourable outlook for the company, both in fiscal 2015 and beyond," said Cooke.

Healthscope removed from market in 2010 after takeover by private equity firms TPG and The Carlyle Group, but relisted on the Australian Securities Exchange in July.

Information sourced from


Featured Articles

Hybrid live event shaping the future of Sustainability & ESG

Sustainability LIVE London returns for a two-day, multi-track conference programme featuring inspirational ESG speakers, debates and discussions

Nine must-attend sustainability events for business leaders

From London to Abu Dhabi, Singapore to San Diego, these sustainability-focused events are designed to help business leaders action their ESG goals

Daniel Weise of BCG on new supply chain and procurement book

Daniel Weise, global leader of Boston Consulting Group’s procurement business line, on the timely publication of his new book, Profit From The Source

Attract and retain talent with flexible working and benefits

Human Capital

Nurturing the next generation of women leaders in Africa

Leadership & Strategy

5 Mins With: Cybersecurity expert Ariel Parnes of Mitiga