Ramsay Health Care (ASX:RHC) announced that it has concluded the comprehensive agreement with the State of Victoria to make its facilities available during the period of COVID-19 pandemic. This agreement supersedes the Heads of Agreement between the State and the company which was operating since 1 April 2020.
The Term includes an initial term starting on 28 April 2020 till 20 business days after the State provides a notice, not before the later of 31 May 2020.
In response for its commitment to use reasonable efforts to provide full workforce capacity at its facilities, Ramsay will obtain net recoverable costs for its services.
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