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Michael Smith

Michael Smith

Financial Review

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This ‘no-brainer’ sector still gives investors headaches

The $2.5 billion sale of Estia Health has put the spotlight on aged care valuations as government funding changes underpin growth. But investors...

02.06.2026 10

Financial Review

Michael Smith

CSL prepares to slash R&D as it grapples with looming Trump tariffs

The market is focused on a mooted 200 per cent levy on the pharmaceutical giant’s goods. There are far more significant changes afoot at the company.

13.07.2025 20

Financial Review

Michael Smith

Contradictions at every turn in the NSW government’s Healthscope war

The state has outlawed private hospitals running acute wards – and the private hospital giant wants to hand over its facility. But no deal is...

15.04.2025 10

Financial Review

Michael Smith