A private hospital operator Ramsay Health Care Limited (ASX:RHC) disclosed that the Company finalised an agreement with National Health Service (NHS) England as well as the State of Western Australia to make available its facilities and services to the NHS and its patients during the pandemic.
The term of the agreement
- With NHS England is for a minimum of fourteen weeks from 23 March 2020, and then it would be on a rolling basis terminable by NHS England on one month's notice.
- With State of WA commenced on 31 March 2020 and it would end on the date notified by the State of Western Australia.
With these agreements RHC would receive cost recovery for its services for any private urgent elective care delivered.
RHC shares rose by 2.7% to $65.870 on 18 May 2020, at AEST 11:49 AM.