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Hospital group flags community pharmacy push

Leading private hospital group Ramsay Health Care is set to launch a major push into operating community pharmacies.

In a briefing to announce the group’s 2015/16 financial results, it was announced that the company was “in [the] process of establishing strategically located community pharmacies across Australia, concentrating initially in close proximity to our hospitals.”

This community pharmacy strategy would build on Ramsay’s “experience in the provision of hospital pharmacy services and enables us to care for patients beyond the hospital walls.”

Ramsay Health Care currently operates over 200 hospital pharmacy dispensaries.

The results briefing stated that the new pharmacy group would provide

  • Specialised medication management
  • 24/7 medicine on-call advice
  • Community-based services and clinics
  • Patient pathways from hospital to community
  • Post discharge services for Ramsay hospital patients

“Our pharmacy strategy presents us with new and exciting opportunities to care for patients in the community and develop services beyond the hospital walls,” said Christopher Rex, Ramsay’s managing director.

The company announced a record profit result, with its shares rising about 7.7 per cent to finish at a record high of $81.42.

Ramsay’s core Net Profit After Tax was $481.4 million for the year ended 30 June 2016, a 16.8% increase on the previous corresponding period.

Rex said the company had delivered “another excellent result with all segments performing at or above expectations”.

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