A second reckoning for private equity in Australia
Any doubt about the likely end of the experiment in private equity provision of health and other social services is evaporating in the most appalling circumstances imaginable.
The collapse of Brookfield Asset Management’s investment in Healthscope in May was a PR calamity for private equity.
The failure of the country’s second-largest private hospital under the control of the Canadian-based, New York-listed investment firm was always going to make it significantly harder for private equity to own and operate highly regulated social infrastructure.
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The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
