One of Australia’s largest private hospital groups, Healthscope, has written down the value of its business by $919 million because of the dire state of the private hospital sector, which is battling steep cost rises.
Healthscope runs 38 hospitals and has been owned by Canadian alternative asset manager Brookfield after a $4.4 billion buyout in 2019, when it was delisted from the ASX.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
