May
Healthscope’s terminal prognosis could be just the start
Another eight private hospitals are earmarked for closure as the operator’s collapse raises questions about the business model.
Di Pilla grants Healthscope rent relief to keep hospitals open
The owner of 11 Healthscope hospitals says it has had expressions of interest for alternative operators.
The five Healthscope hospitals under the microscope
Sydney’s Prince of Wales and Melbourne’s Knox Private are among the best performing hospitals while Hobart Private and Darwin Private are strategically important.
Hedge funds weigh up longer-term ownership of collapsed Healthscope
Polus Capital and Canyon Partners are considering whether they should tip money into the failed hospital operator amid questions about private equity ownership.
States demand assurances from Butler after Healthscope collapse
The future of the failed private hospital giant is partly in the hands of five Chinese state-owned banks and asset managers which control a fifth of its debt.
Brookfield’s comeuppance no cause for health policy complacency
The reality is that both taxpayers funding Medicare services and users of private healthcare will ultimately need to pay for the rising cost of the system.
Healthscope plight shows we can’t afford to let private hospitals fail
The Australian healthcare system grows at GDP plus 2 per cent every year and would collapse in the absence of private healthcare activity.
Healthscope lifeline to keep hospitals afloat amid buyer search
While the company says it has 10 prospective suitors, Health Minister Mark Butler has flagged that overseas private equity firms are unacceptable hospital owners.
Saving Healthscope won’t cure our sick private health system
Most of Healthscope’s hospitals will be picked off by new buyers but without at least an eye to the bigger picture, other private hospitals could end up in the sick bay.
Why CBA’s $100m support for Healthscope is all about optics
Receivership will help fix two of Healthscope’s three problems. Fixing the third will be much harder.
Healthscope in critical condition as it fights to stave off receivers
The hedge funds that control its debt are pushing to place the country’s second-biggest private hospital operator in the hands of administrators this week.
Australia moves towards a US-style health system - is that a good thing?
Private insurance funds already control some dental, optical and mental health clinics. Could hospitals be next?
Labor rules out Healthscope bailout amid fears of hospital closures
Health Minister Mark Butler says the federal government is closely watching the unfolding Healthscope situation.
Bupa to invest in clinics and genomics in primary healthcare push
Bupa’s global CEO Inaki Ereno wants the insurer to play a bigger role treating patients rather than just funding the healthcare system.
Brookfield in Australian PE hall of shame for huge Healthscope loss
The Canadian giant and its investors put in $2 billion and are getting nothing out. If it is not the biggest loss in Australian private equity, it is in the top three.
Game on: Bupa taps Luminis, A&M for Healthscope tilt
The health insurance giant has brought in Luminis Partners’ Marc Rubinstein and Alvarez & Marsal’s John Nestel to advise.
Barrenjoey scrubs in to advise St Vincent’s Health for Healthscope
St Vincent’s Health has long been considered a possible buyer for Healthscope, but hiring a bank means it’s taking a tilt seriously.
Brookfield exits Healthscope with a black eye. It doesn’t want another
Brookfield’s plan to hand control of Healthscope to its lenders brings its involvement in this mess to an end, but there are plenty of lessons to learn.
Healthscope to transfer control to lenders as Brookfield bows out
The troubled hospital operator says the move will help it avoid receivership and potential hospital closures.
HMC Capital sells Healthscope debt as forbearance vote 2.0 drags
Di Pilla’s exit leaves Healthscope’s future in chaos, despite nearly 18 months of deal makers, insurance bosses and politicians trying to find a way forward.