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Banks sign off on healthcare group Healius’ long fall from grace

What happens after a strong founder leaves a company? Big healthcare group Healius is a cautionary tale.

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Healius needs to wake up from its trip to the corporate emergency room and somehow turn it into a life-changing moment for good.

This once great healthcare company, built by Ed Bateman to dominant positions in Australian pathology and radiology, has squandered its years of defensive earnings and COVID-era rivers of gold so badly that it got lenders offside and needed to be bailed out by shareholders.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/banks-sign-off-on-healthcare-group-healius-long-fall-from-grace-20231120-p5el73