About Us: Ramsay Health Care Timeline
Ramsay Health Care Timeline
1964 – 1973
In 1964, Paul Ramsay, founder & Chairman of Ramsay Health Care, purchased a guesthouse called Warrina House on Sydney’s North Shore and converted it into a psychiatric hospital in the earliest days of the private hospital industry in Australia. Warrina House, formerly a guesthouse, became a 16 bed psychiatric facility. For the first 14 years, Ramsay Health Care expanded its psychiatric hospital business, building Evesham Clinic in 1967, Lynton Private Hospital in 1972 and Northside Clinic in 1973. Of these hospitals, Evesham Clinic (now known as Northside Cremorne) and Northside Clinic, are still in operation today and regarded as Sydney’s most respected private psychiatric hospitals.
1978 – 1980
In 1978 and 1979, Ramsay Health Care diversified into the medical/surgical business and built its first surgical hospitals – Baringa Private Hospital in Coffs Harbour and Albury Wodonga Private Hospital in Albury. These hospitals continue to provide a valuable private hospital service in their respective regions.
1987 – 1990
The Company continued to expand its psychiatric business acquiring psychiatric hospitals in both Melbourne and Adelaide. By this time, Ramsay Health Care had several successful psychiatric hospitals and had developed a strong profile in this area.
1994 & 1995
These years were turning points for Ramsay Health Care when the Company was successful in its bid to privatise two former government-owned repatriation hospitals – Hollywood Hospital in Perth and Greenslopes Hospital in Brisbane. These large metropolitan-based medical/surgical hospitals provided a major boost to the Company’s existing portfolio of regional medical/surgical hospitals. It also launched the Company into medical teaching and research as both Hollywood and Greenslopes hospitals had affiliations with university departments of medicine. The success of these privatisations demonstrated the health care management expertise of Ramsay Health Care.
In September of this year, Ramsay Health Care floated on the Australian Stock Exchange becoming a public company. In the ensuing year, Ramsay exceeded prospectus forecasts for revenue and profit.
The Company proved its ability to design, finance, construct and operate major projects through the successful development of North Shore Private Hospital which opened in July 1998. Collocated with Royal North Shore in Sydney, North Shore Private became the benchmark for five star health care in Australia.
2001 - 2006
In this period, Ramsay Health Care acquired several hospital groups as the sector in Australia sought to consolidate. In 2001, Ramsay Health Care successfully acquired Alpha Healthcare and its 8 hospitals. The Alpha Healthcare acquisition expanded Ramsay Health Care’s presence in New South Wales and also provided it with a strong rehabilitation portfolio. In 2004, Ramsay Health Care acquired Benchmark Healthcare. This acquisition brought the total number of hospitals in the Ramsay Health Care group to 35. Then, in 2005, Ramsay embarked on its largest acquisition, purchasing Affinity Health Care bringing the portfolio of hospitals owned and operated by Ramsay Health Care to a total of 69.
In 2007, Ramsay Health Care realised its offshore expansion plans acquiring Capio UK, the fourth largest operator of private hospitals in the United Kingdom. The Company now operates 40 healthcare facilities in the United Kingdom and has established a strong reputation in this region.
In 2010, Ramsay Health Care purchased a 57% interest in Group Proclif SAS (Proclif), a leading private hospital operator based in France. Known as Ramsay Santé, this business commenced as one of the leading operators of private hospitals in the greater Paris region managing nine acute hospitals in the fields of medicine, surgery and obstetrics with approximately 1000 beds and day places.
In May 2011, Ramsay Health Care purchased a further hospital in France – Clinique Convert – in the Rhône Alpes region.
In June 2013, Ramsay Santé purchased Clinique de l’Union in Toulouse. This 500+ bed hospital is regularly rated in the top 3 hospitals in France. At this time the Company owned 10 hospitals in France.
In July 2013, Ramsay Health Care entered a Joint Venture arrangement with Malaysian multinational conglomerate Sime Darby Berhad. The new joint venture combined Sime Darby’s portfolio of healthcare assets in Malaysia (three hospitals and a nursing and health sciences college) with Ramsay’s three Indonesian hospitals, under a new jointly owned company, Ramsay Sime Darby Health Care Sdn Bhd. The deal marked Ramsay’s first step into Asia since acquiring its Indonesian hospitals in 2005. The new joint venture is expected to provide a platform for further acquisition in the Asian health care sector.
In November 2013, the Australian division of Ramsay Health Care opened the Sunshine Coast University Private Hospital – Ramsay Health Care’s first new built hospital since it opened North Shore Private Hospital in 1997. The 200 bed Sunshine Coast University Private Hospital treats private and public patients under a five year agreement with Queensland Health.
In December 2013, Ramsay Santé finalised the acquisition of Medipsy, a psychiatric hospital group, from Générale de Santé. Medispy was a leading operator of private psychiatric hospitals in France with 30 hospitals and more than 2600 beds. Following the finalisation of this deal, Ramsay Santé operates 40 hospitals in France and is the third largest independent operator of hospitals in that country.