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Article: India: Australias Ramsay eyes offshore expansion.
- Article from:
- TendersInfo
- Article date:
- August 25, 2008
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Byline: manish03
Ramsay Health Care Ltd, Australia's biggest private hospital operator, expects to grow core earnings by 10-12 per cent this year as it scours France, Spain, India and the United States for new businesses to buy.
Ramsay, which competes against Healthscope Ltd and owns more than 60 hospitals in Australia as well as three in Indonesia, has largely stayed out of a wave of domestic mergers, moving offshore and avoiding competition concerns. Its next large purchase was probably a couple of years away, Chief Executive Chris Rex said in an interview on Monday.
"Unless something absolutely incredible were to come out of the woodwork ...