Ramsay Health Care Faces Painful Nursing Cost Inflation -- Market Talk

Dow Jones

Nov 06, 2024

2241 GMT - Nursing costs are likely to remain painful for Ramsay Health Care, reckons Citi. It highlights that employee costs eat up some 57% of revenue, and a significant proportion is for nursing staff. "Our analysis of Ramsay's Enterprise Bargaining Agreements and recent public sector agreements suggest that nursing staff wage growth could increase from 4% in FY 2025 to more than 4.5% per annum over FY 2026-2027," analyst Mathieu Chevrier says. The outcome will depend on wage negotiations in three states that account for some 80% of Ramsay's nursing staff in Australia, Citi says. Negotiations are ongoing in New South Wales. Enterprise Bargaining Agreements in Queensland and Victoria are due to expire in June and September, respectively. Citi retains a neutral call on Ramsay. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 05, 2024 17:41 ET (22:41 GMT)

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It highlights that employee costs eat up some 57% of revenue, and a significant proportion is for nursing staff. \"Our analysis of Ramsay's Enterprise Bargaining Agreements and recent public sector agreements suggest that nursing staff wage growth could increase from 4% in FY 2025 to more than 4.5% per annum over FY 2026-2027,\" analyst Mathieu Chevrier says. The outcome will depend on wage negotiations in three states that account for some 80% of Ramsay's nursing staff in Australia, Citi says. Negotiations are ongoing in New South Wales. Enterprise Bargaining Agreements in Queensland and Victoria are due to expire in June and September, respectively. Citi retains a neutral call on Ramsay. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 17:41 ET (22:41 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ramsay Health Care Faces Painful Nursing Cost Inflation -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRamsay Health Care Faces Painful Nursing Cost Inflation -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-06 06:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2241 GMT - Nursing costs are likely to remain painful for Ramsay Health Care, reckons Citi. It highlights that employee costs eat up some 57% of revenue, and a significant proportion is for nursing staff. \"Our analysis of Ramsay's Enterprise Bargaining Agreements and recent public sector agreements suggest that nursing staff wage growth could increase from 4% in FY 2025 to more than 4.5% per annum over FY 2026-2027,\" analyst Mathieu Chevrier says. The outcome will depend on wage negotiations in three states that account for some 80% of Ramsay's nursing staff in Australia, Citi says. Negotiations are ongoing in New South Wales. Enterprise Bargaining Agreements in Queensland and Victoria are due to expire in June and September, respectively. Citi retains a neutral call on Ramsay. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 17:41 ET (22:41 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7113","symbol_name":"保健护理机构","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481668431","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481668431","pubTimestamp":1730846460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2241 GMT - Nursing costs are likely to remain painful for Ramsay Health Care, reckons Citi. It highlights that employee costs eat up some 57% of revenue, and a significant proportion is for nursing staff. \"Our analysis of Ramsay's Enterprise Bargaining Agreements and recent public sector agreements suggest that nursing staff wage growth could increase from 4% in FY 2025 to more than 4.5% per annum over FY 2026-2027,\" analyst Mathieu Chevrier says. The outcome will depend on wage negotiations in three states that account for some 80% of Ramsay's nursing staff in Australia, Citi says. Negotiations are ongoing in New South Wales. Enterprise Bargaining Agreements in Queensland and Victoria are due to expire in June and September, respectively. Citi retains a neutral call on Ramsay. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7113":"保健护理机构","RHC.AU":"RAMSAY HEALTH CARE LTD"},"translate_title":"拉姆齐医疗保健面临痛苦的护理成本通胀——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RHC.AU":0.9},"content_text":"2241 GMT - Nursing costs are likely to remain painful for Ramsay Health Care, reckons Citi. It highlights that employee costs eat up some 57% of revenue, and a significant proportion is for nursing staff. \"Our analysis of Ramsay's Enterprise Bargaining Agreements and recent public sector agreements suggest that nursing staff wage growth could increase from 4% in FY 2025 to more than 4.5% per annum over FY 2026-2027,\" analyst Mathieu Chevrier says. The outcome will depend on wage negotiations in three states that account for some 80% of Ramsay's nursing staff in Australia, Citi says. Negotiations are ongoing in New South Wales. Enterprise Bargaining Agreements in Queensland and Victoria are due to expire in June and September, respectively. Citi retains a neutral call on Ramsay. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 05, 2024 17:41 ET (22:41 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}