- Ramsay Health Care (RHC) has entered a binding heads of agreement with the NSW Ministry of Health to make its facilities and services available during COVID-19
- The agreement term has commenced and will continue until the Commonwealth notifies of the last date of the National Partnership Agreement
- This agreement has been implemented by the Australian Government to assist the private health care sector treat COVID-19 patients
- This follows a recent deal between Ramsay and the Queensland Government
- Ramsay is up a slight 1.45 per cent and shares are trading for $63.02 each
Ramsay Health Care (RHC) has entered a binding heads of agreement with the NSW Ministry of Health to make its facilities and services available during COVID-19.
The private hospital giant recently finalised a similar deal offering its facilities, services and work force to the Queensland Government.
The initial term of this agreement with NSW Health commences immediately and continues until the date notified by the Commonwealth as being the last date covered by the private hospital viability payment under the National Partnership Agreement.
This agreement has been implemented by the Australian Government to assist the private health care sector treat COVID-19 patients.
If NSW Health chooses, it can extend the initial agreement term by up to 12 month from the original expiry date to purchase Ramsay’s public patient services. However, Ramsay is only obliged to provide those services if it has the capacity and if it’s commercially viable for it to do so.
In return, Ramsay will be paid a viability payment during the initial term for its performance of required pandemic support functions together with fees for health services to public patients referred by NSW Health.
Ramsay is up a slight 1.45 per cent and shares are trading for $63.02 each at 12:36 pm AEST.