New banner group flagged


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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8 Comments

  1. Julian Daffy
    01/09/2016

    How do they plan to get around the ownership rules for community pharmacy?
    They are a publicly listed company and while they might be able to operate dispensaries in their hospitals, there are not able to own community pharmacies.
    If they are allowed to do so, then we have deregulation.

    • Alison Claxton
      01/09/2016

      “Oh, and by the way, your prescriptions are not actually on the PBS at this Pharmacy.”?

  2. David Haworth
    01/09/2016

    How do they plan to get around the ownership rules for community pharmacy?
    They are a publicly listed company. They are not able to own community pharmacies.
    If they are allowed to do so, then we have deregulation. Whats says the Guild?

    • Alison Claxton
      01/09/2016

      Banner group with ‘franchise’ model – individual Pharmacist owners under their name?

      • Anon Pharmacist
        01/09/2016

        There are two pharmacists currently putting their names on “Ramsay” pharmacies. For what payment who knows? That’s 60 pharmacies around Australia they can own before roping in another pharmacist. If its a legitimate franchise, then move on, but Ramsay is funding these purchases and I’d assume pulling the profits out of them too. This would definitely break the ownership rules. I also heard they need to brush up on their HR. Any repetitive work is classed as permanent part time not casual.

        • Paige
          01/09/2016

          How is that fundamentally any different than little billy owning the place while his parents lend him the money and take home 95% of the profit? The Maloufs operate in a pretty similar way, as do the warehouse.

    • Pharmacist
      01/09/2016

      They Claim they are owning a “franchise”. Each store has a “pharmacist” owner under a company. Their staff never see this owner, just a head office person who runs around and keeps the stores in check. All purchasing is centralised. How they pull the profits out without breaking the law is beyond me? (Some kind of transfer pricing or high fee).

  3. Rick
    01/09/2016

    They will not find it so easy away from the juicy, specialised field that is hospital pharmacy. I wonder if they have taken a ‘Masters’ class in community pharmacy before they set up there?

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