Wednesday 25th November 2020 . We remain committed to providing high-quality services, with all practices in the group fully accredited for national quality standards and having a strong focus on patient safety, patient health outcomes and continuous quality improvement. Green Cross Health announces the following changes to the board effective 2nd December. The Pharmacy division has progressed its pricing and margin management plans, and also commenced work on its product range review, including exclusive distribution arrangements. Email - rachael.newfield@gxh.co.nz Captcha. On 24 July 2020, Green Cross Health Limited published a Notice of Meeting in relation to its Annual Shareholders’ Meeting (ASM) to be held at 2:30pm on Monday 24th August at the Ellerslie Event Centre (Auckland). Green Cross Health, the group behind Unichem and Life Pharmacy, The Doctors and Access Community Health, reported revenue of $277m for the six months to 30 September 2020, consistent with the prior period. Subsequently, the New Zealand Government has announced Level 3 lockdown restrictions for the Auckland area which would prohibit attendance at a physical meeting. Green Cross Health announces the acquisition of Peak Primary, adding 11 medical centres and bringing the total to 49. Green Cross Health (NZX: GXH) Announcement - Board Changes. Pharmacy Revenue for the period saw a decline of 5%, reflecting the impact of COVID-19 on the ability of customers to shop in-store during the various COVID-19 alert levels, as well as some pharmacy closures. Text too small? StellarCare is a programme aimed at helping health professionals act as health coaches in their local communities. Operating Profit was down $1.3m to $10.9m. In the period, the greenfield pharmacy site in the Commercial Bay development in Auckland’s CBD began trading, and we saw the two Karori pharmacies in Wellington, acquired in February 2020, trade for the full period. This has been followed-up with initiatives to enable remote payment handling in clinics, plus development of a more end-to-end video consultation platform (housecall.co.nz). the Radius Medical business and we thank him for those efforts. Mob: 027 232 6109. Ben Doshi Private Bag 11 906, Ellerslie, Auckland 1542 +64 9 580 6846 ben.doshi@greencrosshealth.co.nz Green Cross Health Limited website Green Cross Health Limited Announcements Display announcement for year: Moving Average Convergence Divergence (MACD). We expect the implementation of recommendations of the Health & Disability System Review will see providers working more closely with central funders to address access and equity issues. 'Bloomberg ETF IQ Europe' Full Show (11/26/2020), Ground Floor, Building B Note: Market data delayed by 20 minutes, and page information may be cached and is current per the timestamp provided. If you require further searching capabilities for announcements please email. Green Cross Health (NZX: GXH) Announcement - Board Changes. Green Cross Health’s is focused on creating sustainable healthcare solutions with positive outcomes and experiences. The retirement of Dr Tony Edwards as an Independent Director of the Company has been received and accepted by the Board. BackGreen Cross Health Limited - Annual Shareholders' Meeting 17/8/2020, 10:08 am MEETING. Green Cross Health Limited: Annual Shareholders’ Meeting. - Government wage subsidy amounts of $8.0m included in Group Revenue and passed on to employees Board Chair. Green Cross Health is committed to providing all New Zealanders accessible, quality primary healthcare. All Rights Reserved. In order to safeguard this position and to capitalise on acquisition opportunities that may eventuate as a result of the economic climate, the Board has resolved not to We continue to advocate for support from all funders to return the sector to a position of sustainability and to recognise the value of supporting our most vulnerable populations to live within their communities for longer. Subscribe to our free Breaking News newsletters, Me Today Limited (NZX: MEE) Results for the Six Months Ended 30 September 2020, PaySauce Limited (NZX: PYS) FY2021 Half Year Result and Interim Report, General Capital Limited (NZX: GEN) Announces Solid Growth Despite Covid-19, Moa Group Limited (NZX: MOA) Announces Half-year Results. The recent acquisitions in late FY20 (Drury Surgery and purchase of a patient book into The Doctors Fred Thomas) have also added to the increase in revenue and operating profit. Contact Green Cross Health. The Pharmacy Retail Services segment provides services through consolidated stores, equity accounted partnership stores and franchise stores. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved. The optimisation of our pharmacy investment portfolio is a priority, both through potential store closures and assessing strategic acquisition opportunities. Rachael Newfield The Company has worked to maintain a strong Balance Sheet (including not paying a full year dividend for FY20) in light of the challenging landscape that has been shaped by the COVID-19 pandemic. Green Cross Health Group CEO Rachael Newfield, says, “Against a difficult backdrop created by COVID-19, the growth in the profitability of the Medical and Community Health divisions has been encouraging. Tony will continue as a Partner with Green Cross Health, Our previous focus on embedding telephone triaging of patients has enabled the shift to phone and video consults during lockdown periods to be more seamless. We expect retail sales performance will face challenges from changes in consumer retail spending as a result of COVID-19, coupled with competitive pressures facing the sector. We are passionately committed to providing support, care and advice to our communities through our pharmacies, medical centres and community health services. The undersigned will step down as Chair of the company and continue as Non-Executive The Medical Services segment includes fully owned and equity accounted partnership medical centers, and support services provided to these medical centers, as well as medical centers outside the group. Despite the improvement, the operating profit margin for the division remains low at 3%. Green Cross Health has launched StellarCare to their stable of award-winning Green Cross Health Academy Programme. Subsequently, the New Zealand Government has announced Level 3 lockdown restrictions for the Auckland area which would prohibit attendance at a physical meeting. GXH Half Year Results Announcement 25 Nov 2020, GXH Half Year Results Presentation 25 Nov 2020, GXH Half Year Results Appendix 1 25 Nov 2020, GXH Half Year Results Financial Statement 30 Sept 2020. This course allows students to … As an essential service, we remained open over the lockdown periods to serve patients and the community during uncertain and challenging times. The Home and Community Support sector remains vulnerable due to ongoing wage pressures, compliance costs and significant administrative costs, with limited uplift in funding. Green Cross Health’s is focused on creating sustainable healthcare solutions with positive outcomes and experiences. These activities, combined with the growth of enrolled patients during the period, to 269,000 enrolled patients, allowed the division to deliver an increased return. Green Cross Health is committed to providing all New Zealanders accessible, quality primary healthcare. Earnings Announcement for Period Ending Y/2021. including Metlifecare, Freightways and Port of Tauranga. The Pharmacy division endured a tough six months, with retail gross profit down 24% due to the impact of COVID-19 and the corresponding squeeze on retail spending. Green Cross Health, the group behind Unichem and Life Pharmacy, The Doctors and Access Community Health, reported revenue of $277m for the six months to 30 September 2020, consistent with the prior period. The retirement of Dr Tony Edwards as an Independent Director of the Company has been received and accepted by the Board. We continue to call on Government to review the intention of the co-payment policy and ensure it is in line with Government’s “equity of access” healthcare policies. When autocomplete results are available use up and down arrows to review and enter to select. As part of this commitment, we will continue to advocate for the removal of the prescription co-payment Government tax, and remain optimistic that the implementation of the recommendations from the New Zealand Health & Disability System Review will see the improved accessibility and affordability of primary healthcare for New Zealand communities. However, this was more than offset by the COVID-19 impact to retail sales in shopping mall and Auckland and Wellington CBD stores, which contributed to retail gross profit being down 24% on the prior period. Green Cross Health is focused on delivering earnings growth whilst refining its operating model to adapt to changing market conditions. Operationally, COVID-19 has had a significant impact on acute patient presentations, particularly in Urgent Care and walk-in clinic settings. Increasing scale and operational capability in the Medical division is at the core of the division’s growth strategy, along with selectively acquiring practices. Green Cross Health Limited provides health support, care, and advice services to communities in New Zealand.