No real surprise with Sonic withdrawing FY2020 earnings guidance.
UBS also downgraded this week.
Short to mid term, impact will be material but agree Sonic will be consistent long term performer.
To get a feel of actual patient reduction, suggest driving to a few medical centre and you will be how quiet it is.
Issue for Sonic in Australia is that IPN centres are generally smaller centres compared to Healius Med centres and less equiped to deal with agitated patients than large med centres.
Sonic Health, page-21
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