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BRIEF-Sonic Healthcare updates on outlook

Published 17/12/2015, 10:28 am
© Reuters. BRIEF-Sonic Healthcare updates on outlook
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Dec 17 (Reuters) - Sonic Healthcare Ltd SHL.AX :

* Australian government mid-year economic and fiscal outlook SHL.AX

* "Estimate that the impact on sonic's total EBITDA would be in the order of 5-6% for the FY 2017 year"

* "If these measures become reality, Sonic will implement a number of mitigating actions to offset the impact on earnings"

* "Would impact Sonic healthcare's total revenue impact of approximately A$50 million per annum"

* On 15 December Australian government announced Australian medicare fee cuts to laboratory and imaging services, effective 1 July 2016

* "Proposed changes were announced without forewarning or consultation with the medical profession or relevant industry bodies"

* "Will work with opposition parties, consumer groups and patients to oppose these measures"

* Source text for Eikon ID:nASXbl7MCN

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