Japan’s Sumitomo Mitsui Banking Corporation has run out of patience with Australia’s second-largest hospital group Healthscope, sparking the first real shift in the debt stack’s ownership after a year of tense negotiations with its $1.6 billion lender syndicate.
David Di Pilla, managing director, HMC Capital, says the private hospital funding model is broken. Flavio Brancaleone
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
