This was a busy acquisition period. Ramsay Health Care acquired several large hospital groups as the private hospital sector in Australia consolidated.
In 2001 Ramsay Health Care successfully acquired Alpha Healthcare and its eight hospitals (Westmead, Berkeley Vale, Southern Highlands, Lawrence Hargrave, Figtree, Hunters Hill and Mt Wilga Private Hospitals and Wentworth Private Clinic – later to become known as Northside West Clinic).
The Alpha Healthcare acquisition expanded Ramsay’s presence in New South Wales and also provided the Company with a strong rehabilitation portfolio.
In 2004 Ramsay Health Care acquired Benchmark Healthcare (including Peninsula, Beleura, Mitcham, and Donvale Private Hospitals). This acquisition brought the total number of hospitals in the Ramsay Health Care group to 35.
Finally, in April 2005, Ramsay embarked on its largest acquisition yet, purchasing Affinity Healthcare (formerly Mayne Health) and began to integrate this hospital business in August 2005 after selling off 14 ex-Affinity hospitals to Healthscope as instructed by the ACCC. This transaction brought the portfolio of hospitals owned and operated by Ramsay Health Care to 69. The Affinity acquisition would be a “company transforming acquisition” and made Ramsay the largest private hospital operator in Australia.