0031 GMT - Jefferies sees wage negotiations at public hospitals as an important signal for Ramsay Health Care in its own talks. Enterprise bargaining agreements for nurses at public hospitals are due in three states--New South Wales, Queensland and South Australia--this year. The outcome will likely be reflected in the private hospital sector, impacting Ramsay, analyst David Stanton says. Ramsay needs to negotiate new enterprise bargaining agreements in all states except South Australia this year. First up is New South Wales, which accounts for some 24% of the company's EBIT. "Changes in labor costs are likely to lead to changes in Ramsay's group profitability, as we believe there are minimal offsets possible for employee cost increases," Jefferies says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 20, 2025 19:31 ET (00:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。