Australia's Healthscope back into the black, on track for prospectus targets

 24-Feb-15, The Sydney Morning Herald

Robert Cooke says Healthscope's private hospital business could grow faster but is held back by full wards and operating theatres that are in action seven days a week, underlining the importance of the group's target to open almost 1000 beds over the next three years.

Image: The Sydney Morning Herald

The chief executive of the recently relisted $5 billion healthcare group said half-year hospital revenue growth of 6.3 per cent to $938.9 million was underpinned by patients with more complex and costly needs and new funding arrangements with private health insurers.

However, the topline growth was restricted by capacity constraints – especially at large hospitals like Melbourne Private and Prince of Wales in Sydney – and the opening of only 23 new beds in the past 18 months.

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