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Ramsay Health Care Limited Annual Report 2016

Globally, Ramsay Health Care is set to benefit from the ongoing increase in demand for quality healthcare services & is well-placed for further growth will be initially based in close proximity to our hospitals and their catchment areas. With over 200 hospital pharmacy dispensaries operating across our global hospital portfolio, Ramsay is already experienced in this area and the strategy of extending not only traditional pharmacy services to the community but a range of community-based healthcare services has the full support of the Board. ANNUAL REPORT 2016 7 The Board was pleased to allocate another 96,000 shares to our long serving Australian employees as part of our Employee Share Scheme which recognises that our people are the key to our success. Over 720,000 shares have been allocated since this Scheme commenced four years ago. The Paul Ramsay Foundation remains a long term major shareholder of Ramsay Health Care meaning that almost one third of the Company’s earnings go to the Foundation for the enduring benefit of the Australian community. In its first full year of operation, the Foundation has invested almost $50 million in a range of causes related to education, youth unemployment, indigenous health and mental health. The Foundation is focused on doing justice to Paul Ramsay’s remarkable bequest and to this end is placing more emphasis on achieving systemic change through supporting a range of high quality community causes and programmes. The Foundation has also recently announced an annual $5 million donation to the Ramsay Hosptial Research Foundation which has been established to fund quality programmes and medical research in Ramsay facilities. Finally, long serving Director Tony Clark AM has announced that he will retire from the Ramsay Health Care Board at the conclusion of the 2016 Annual General Meeting. Tony’s significant contribution during his 17 years on the Board, and to the industry generally, have been invaluable. I thank him for his contribution to Ramsay Health Care throughout this time. Tony will remain a Director of the Paul Ramsay Foundation Board. In conclusion, and on behalf of the Board, I would like to thank Ramsay Health Care’s dedicated employees throughout the world, the doctors who work with us and our talented senior management teams for their role in delivering these excellent results and your commitment to quality healthcare outcomes. I also thank my fellow Directors for their role in ensuring the effective governance of Ramsay Health Care on behalf of our shareholders. MICHAEL SIDDLE CHAIRMAN


Ramsay Health Care Limited Annual Report 2016
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