Personally I think this is good news for the Ramsay Health care ,Lend lease , Australian Unity , as owners of the facilities rather than a company like PGC.
The upside I suppose is the more facilities that are built the more products that need to go in them
PGC is definitely creating a market advantage by creating the total solution to fit outs and as more aged care facilities and upgrades are required it will flourish
In the short term I am hoping we see some form of earnings forecast for 14/15 and 15/16 with commentary on the Scan medics and Richards medical integration at the AGM on Thursday.
I am sensing it will be positive as the largest shareholder , who previously owned one of the businesses PGC acquired has topped up on market recently and you would think he would have a handle on how well the business is going
Should be 50 cents by now in my opinion but agree Medibank is sucking money out of the small cap health care stocks
Maybe that will change once Medibank closes and the AGM is over.
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