In July, Ramsay Health Care announces the launch of a new share programme for employees. The aim of this new programme is to provide long-serving staff with the opportunity to acquire an ownership interest in our Company. Over the last decade, Ramsay has become one of the world’s leading private hospital operators. We want to be able to share this success with our most important asset – Our People. The new share programme for employees is designed to enable our staff to become part of the success story that is Ramsay and, at the same time, acknowledges the vital role that our staff play in our organisation each and every day. To kick off the programme in 2013, the Ramsay Board has decided to extend a $1000 Free Share Offer to all permanent Australian employees who have completed three years service with the Ramsay group as at 1 July 2013 and are still with the Company when the shares are allocated (on or about 2 September 2013). 2 TRW WINTER 2013 CEO’s message These employees will be invited to participate in the Offer and in early July over 14,000 staff in Ramsay received a personalised letter and information about this 2013 Free Share Offer. The Offer is entirely voluntary and for those eligible employees who wish to participate, nothing further is required. Ramsay will arrange approx $1000 of shares to the employee’s account on or about 2 September 2013. I am really delighted that many of our staff will be able to share in this Offer in 2013 and that we can reward them for the great contribution that they make to our Company. On top of receiving the free share offer, those employees eligible for this Offer will also receive the extra benefit of any future dividends on these shares that Ramsay may pay. These will be paid directly to the employee’s bank account. Ramsay Health Care plans to use this new share programme as a vehicle by which to deliver extra benefits to our employees. Each year, the Board will determine the terms of future offers (if any), including who is eligible to participate. This is a great Ramsay initiative and consistent with The Ramsay Way culture which recognises that our people are the key to our success. We hope that our employees can accept this Offer in appreciation of the valuable role they play in our Company and their role in our future. Chris Rex Ramsay Health Care and Sime Darby Berhad have entered into a joint venture to expand their healthcare businesses in Southeast Asia initially and eventually throughout the whole region. The deal, finalised on 1 July 2013, will combine all Sime Darby’s portfolio of healthcare assets in Malaysia with Ramsay’s three hospitals in Indonesia, under a new joint venture company. This new company (to be known as “Ramsay Sime Darby Health Care”) will be equally owned by Ramsay and Sime Darby. Ramsay operates two hospitals in Jakarta, namely; RS Premier Jatinegara and RS Premier Bintaro, and one in Surabaya: RS Premier Surabaya. Sime Darby has three hospitals in Malaysia, namely Sime Darby Medical Centre Subang Jaya, Sime Darby Medical Centre Ara Damansara and Sime Darby Medical Centre Park City. It also operates a nursing and health sciences college. Both Sime Darby Medical Centre Ara Damansara and Sime Darby Medical Centre Park City opened in 2012 and are expected to be key growth drivers for the joint venture. The joint venture marks Ramsay’s first major step into Asia since acquiring its Indonesian hospitals in 2005 and Sime Darby Healthcare’s first expansion outside of Malaysia. The aim of the joint venture will be to build a quality portfolio of hospitals throughout Asia. Ramsay Health Care’s Managing Director Christopher Rex said the joint venture with Sime Darby would provide a solid platform for expansion and further acquisitions in the Asian health care sector. “We have been cognisant for some time of the attractive market dynamics in Asia with a burgeoning middle class and an ageing population, and have been looking for the right organisation to partner with,” Mr Rex said. “This deal with Sime Darby presents a significant opportunity for Ramsay to expand its quality portfolio of hospitals in Asia and apply its proven healthcare management expertise, with a company that has extensive experience in the Asian marketplace. “Since 2005, Ramsay Health Care has significantly expanded its global hospital portfolio and this joint venture is an important step in our broader strategy of becoming a major hospital operator.” Sime Darby’s President and Group Chief Executive Dato’ Mohd Bakke Salleh said the joint venture was in line with the group’s first five year strategic blueprint to grow and strengthen its existing businesses. “There is tremendous potential in the healthcare industry and we do not want to miss this opportunity. ASEAN alone has 600 million people with a rising middle class that will demand quality healthcare. “Having Ramsay, a major global hospital operator, as a partner, will help us spur some of the expansion of our healthcare services into new markets. Both companies have the same goals of creating a major healthcare presence in Asia,” said Dato’ Bakke. Ramsay Health Care establishes health care joint venture in Asia + The three Sime Darby facilities in Malaysia - TOP: Ara Damansara, MIDDLE: Subang Jaya, and BOTTOM: Park City
The Ramsay Way Winter 2013
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