Street Talk

Renegade Healthscope lenders to trade debt; Di Pilla marshalls troops

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 9, 2025 – 3.11pm

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David Di Pilla’s HMC Capital is preparing to swoop on a slice of Healthscope’s $1.6 billion debt stack, as a handful of minority lenders run out of patience with the country’s second-largest private hospital group.

Street Talk can reveal 28 per cent of Brookfield-owned Healthscope’s lender syndicate refused to sign a standstill agreement put forward late last month that would have stopped the banks and credit funds in the 31-strong group from selling their positions or collecting interest for three months – time that its advisers had planned to use to find a private equity buyer.

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.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.