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Ramsay resists investor pressure to dump international hospitals

Michael Smith

Ramsay Health Care chairman David Thodey has refused to commit to a sale of the hospital operator’s offshore assets despite pressure from major shareholders for clarity on how it plans to create more value from investors after months of market losses.

Mr Thodey on Tuesday would not rule out selling the underperforming Sante business in Europe, but said not all shareholders liked that option. He refused to put a timeframe on when the company would decide on how to unlock more value from its portfolio of hospitals in Australia and offshore.

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Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/ramsay-resists-investor-pressure-to-dump-international-hospitals-20241125-p5ktf3