Brookfield’s Healthscope debt trap is a mess for everyone involved
The investment giant is bringing its punchy approach to restructuring – and tactics more often found in the US – to Australia as it works on the hospital group.
The owners of Healthscope, the country’s second largest privately owned hospital group, don’t want to talk about negotiations with its lenders. Everyone else does.
It’s partly because Canadian giant Brookfield, which owns Victorian energy transmission group AusNet and building contractor Multiplex, is again ruffling stakeholders, just months after an aggressive but failed attempt to buy Origin Energy.
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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
