Major international hedge funds that now control large parts of Healthscope’s $1.6 billion debt are not ruling out injecting more money into the failed private health hospital as longer-term part-owners if they cannot find a buyer for the business, but they face resistance from a big landlord.
London’s Polus Capital and Los Angeles-headquartered Canyon Partners own about 30 per cent of the debt owed by the country’s second-largest private healthcare operator, which collapsed into administration earlier this month, leaving the long-term future of its 37 hospitals uncertain.