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The Ramsay Way - Winter 2014

CEO’s message IN JUNE, RAMSAY HEALTH CARE ANNOUNCED THAT WE ARE SET TO BECOME THE LARGEST HOSPITAL OPERATOR IN FRANCE WITH A DEAL UNDERWAY TO ACQUIRE GÉNÉRALE DE SANTÉ AND ITS 61 HOSPITALS. When finalised later this year, we will own 101 hospitals and provide services to well over one million patients each year in France making us a market leader in that country as we are in Australia. GdS comes with 19,000 new employees and we are very much looking forward to welcoming these new employees into the Ramsay-fold and working with the management team to integrate these new hospitals to our business. It is exciting in the 50th year of our Company that we are making such a significant step into Europe in an acquisition that is consistent with our growth strategy. It is unfortunate that our Chairman and founder Paul Ramsay was not able to see this major deal eventuate before his death and to know that he was the founder of a company operating 212 hospitals throughout the world. However, size never mattered to him. He was more concerned about good patient care and The Ramsay Way. His motto, which has permeated the whole organisation over the decades, was always: ‘Look after the patients; look after the staff; and the rest will follow’. He was a major believer in loyalty, humility and love. He fostered a strong staff culture; good patient outcomes and developed strong relationships with all stakeholders. We were very fortunate to have been able to celebrate the 50th anniversary of Ramsay Health Care just weeks before his death. It was a fantastic occasion celebrating the success of a very special person. During his life, Paul had been a generous benefactor to dozens of charities and worthy causes and, so it came as little wonder, that in death he bequeathed $3 billion to charity - the biggest single donation in Australia’s history. Thanks to this incredible act of generosity, the bulk of Paul’s estate will now be of enduring benefit to the Australian community. Paul will be forever remembered for his contribution to private health care and hospitals in Australia. He was a wonderful person, a true gentleman and a great friend to many of us. He will be greatly missed by his family, friends, colleagues, staff and doctors and anyone that knew him, throughout the world. 2 The Ramsay Way - 2014 | 02 Ramsay appoints new Chairman Mr Michael Siddle has been appointed as Chairman of Ramsay Health Care following the recent sad passing of Mr Paul Ramsay AO. Mr Siddle has been Deputy Chairman of the Company for 17 years, thus ensuring continuity at the highest level. Mr Peter Evans has been appointed Deputy Chairman of the Company. Both Directors have been involved with Ramsay for over 45 years and have significant knowledge of the business and the private hospital industry. Amazing Video celebrates 50 years of Ramsay Health Care IN 2014, RAMSAY HEALTH CARE TURNS 50 YEARS. IN CELEBRATION OF THIS MILESTONE, RAMSAY HAS LAUNCHED A VIDEO CELEBRATING OUR AMAZING PEOPLE. VISIT THE RAMSAY HEALTH CARE YOUTUBE CHANNEL & SEE OUR VIDEO HERE: HTTP://BIT.LY/RHC50YEARS  Launching the video Ramsay CEO Chris Rex said: “The Ramsay Way recognises that our people – our staff and our doctors – are the key to our success and without them we are nothing”. “As we celebrate this 50 year anniversary, we have a lot to be proud of in our past but also a lot to look forward to. Most of all, we are looking forward to all of our people being a significant part of our future.” Ramsay extends Free Share Offer FOLLOWING THE ESTABLISHMENT OF AN EMPLOYEE SHARE PROGRAMME IN 2013, THE RAMSAY HEALTH CARE BOARD HAS DECIDED THAT IT IS ONCE AGAIN IN A POSITION TO OFFER THE PROGRAMME TO PERMANENT AUSTRALIAN EMPLOYEES WHO HAVE SERVED THREE YEARS CONTINUOUS SERVICE WITH RAMSAY IN 2014. Ramsay Health Care Employee Share Programme June 2014 Ramsay Health Care Limited ACN 001 288 768 2 0 14 Free Sha re Of fer Explanatory Booklet Announcing the Board’s intention to extend the offer this year, Managing Director Chris Rex said the purpose of the programme was 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 employee share programme is designed to enable employees to become part of the success story that is Ramsay and, at the same time, acknowledge the vital role that our staff play in our organisation each and every day.” In 2014, the Ramsay Board has decided to extend a Free Share Offer to all permanent Australian employees who have completed three years’ continuous service with the Ramsay Group as at 1 July 2014. Under the 2014 Free Share Offer: • qualifying employees who have not previously participated in the programme will be offered approximately $1,000 worth of Ramsay Shares; and • qualifying employees who have previously participated in the programme and received a grant of free Ramsay Shares in 2013 will be offered a ‘top up’ of approximately $500 worth of Ramsay Shares. All eligible employees who decide to participate in the Offer will receive this grant of Ramsay Shares for free, as well as the extra benefit of any future dividends on these shares that Ramsay may pay. It is Ramsay’s intention to continue to use the share programme as a vehicle by which we can deliver extra benefits to its employees. Mr Rex said each year, the Board would make a decision on the terms of future offers (if any), including who is eligible to participate. For further information please visit www.employeeserve.com.au/ramsay PAUL RAMSAY AO, CHAIRMAN & FOUNDER OF RAMSAY HEALTH CARE, PASSED AWAY ON 1 MAY 2014 IN HIS HOME TOWN OF BOWRAL, LEAVING A PHILANTHROPIC BEQUEST OF MORE THAN $3 BILLION TO CHARITY. During his life, Paul had been a generous benefactor to dozens of charities and worthy causes and in death, he has left the biggest single donation in Australia’s history to his personal foundation. The Ramsay Board said in a statement released to the market on 2 May that the bulk of Paul’s estate would be “of enduring benefit to the Australian community”. Paul’s decision to leave the bulk of his wealth to charity was described by many as “an incredible act of generosity”. “He was a very generous benefactor to lots of charities,” said former Prime Minister John Howard speaking at Paul’s funeral. “In every way, he was the epitome of the ethical capitalist”. Paul loved helping others but he rarely talked about his acts of generosity even to his own family. Brian Thornton, married to Paul’s twin sister Anne, said Paul gave quietly. His hope “was that each of those he helped would be a leader of men; a person of the highest principles; a highly respected, decent and honourable person. A person for others”. The Paul Ramsay Foundation will receive the vast majority of Paul’s controlling shareholding in Ramsay Health Care Limited and this will be retained on trust for the Foundation. The Foundation is administered and controlled by three Ramsay Health Care directors – Michael Siddle, Peter Evans and Tony Clark AM, all of whom have had a long term association with Paul. It was Paul’s intention that the Foundation remains a significant long term shareholder of Ramsay Health Care. Paul Ramsay AO 1936 - 2014


The Ramsay Way - Winter 2014
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