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Something happened, now this stock is moving

Ramsay Health Care (ASX:RHC) made an announcement today, which pushed the stock price higher by 0.05% as at 9am Sydney time.

Ramsay Health Care has released a third quarter trading update this morning outlining the company’s strong position to benefit from the growing backlog of elective surgery across each of the regions it operates in.

Ramsay reported a 38.9% decline in unaudited NPAT for the nine months to 31st March 2022, of $201.6m, and said significant levels of disruption in the business are related to the high rates of COVID-19 in the community.

Ramsay Health Care is seeing activity levels rise as surgical restrictions lift though, with the regions it operates in moving toward an endemic COVID setting.

Following today’s announcement, Ramsay Health Care shares are now up 13.47% year-to-date.

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