Company news: Primary Health Care
Primary Health Care has released a trading update. The company advised it will miss the bottom end of its FY-16 guidance for NPAT of $110m.
The figure is estimated to be $104m, with the sale of the Medical Director software business 6 weeks earlier than expected (-$2m), and a balance sheet review (carrying value of balance sheet items written down, offset profit on the sale of the Medical Director and Transport health businesses, resulting in -$4m).
The company has made significant progress to getting back to core GP, radiology and pathology operations, as well as cleaning up and taking a more conservative approach in relation to its balance sheet.