Ramsay Health Care's sale of JV with Sime Darby strategically sound - Morningstar

Ramsay Health Care

13/11/2023 19:37

** Sale of Ramsay Health Care's  RHC.AX  Asia operations is
strategically sound given the price achieved, as per analysts at
Morningstar
    ** RHC said on Monday it would sell Ramsay Sime Darby, its
joint venture with Malaysian conglomerate Sime Darby  SIME.KL ,
to Columbia Asia for A$2 bln ($1.28 bln)
    ** Sale provides relief to hospital operator's balance sheet
- brokerage
    ** Morningstar maintains fair value estimate of A$68 on RHC
    ** Stock down 19% this year, as of last close


($1 = 1.5669 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))