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Finance and accounting : Sonic Health Care Limited - Assignment Example
Author : hegmannjensen
Finance & Accounting
Pages 36 (9036 words)
I. Company Analysis An Overview Headquartered in New South Wales, Australia, Sonic Healthcare Limited (SHL) provides medical diagnostic services as well as administrative services and facilities to medical practitioners. Established 25 years ago, SHL today offers pathology and clinical laboratory services, and radiology and diagnostic imaging services in eight countries: Australia, New Zealand, United Kingdom (UK), United States of America (USA), Germany, Switzerland, Belgium and Ireland…
Corporate Strategy, Objectives & Competitive Advantages SHL’s opportunities for further growth in Australia are subject to limitations due to its dependence on Medicare, the government-funded health program. Hence, it has sought to grow beyond the borders of Australia through both organic operational growth and acquisitions. (Businessweek 2013) Even the Global Financial Crisis (GFC) of 2008 has failed to stunt the SHL’s growth year-on-year. Its total assets have grown from to AUD 3.6 billion in 2008 to AUD 4.9 billion 2012 or by 36% in the last four years. This growth has been fueled by the 37%-increase in the Company’s equity from AUD 1.9 billion in 2008 to AUD 2.6 billion in 2012 as well as the 54%-increase in its long-term debt from AUD 792 million in 2008 to AUD 1.2 billion in 2012. (SHL 2013) The industry leadership position and goodwill enjoyed by SHL has given it access to sustainable and improved credit facilities. ...