This Month
Rex bidder plans to return airline to ASX, relocate it to Canberra
But the proposal from Renaissance Infrastructure has been met with a lukewarm reception from administrators and the government, who believe it is too complex.
Lex Greensill decries ‘code of silence’ in $677m SoftBank case
The Australian financier has given evidence for the first time in a court case brought by Credit Suisse over the collapse of his trade finance firm.
Lex Greensill ‘slippery and prone to lying’, court told
A former SoftBank executive disclosed the comment in a lawsuit brought by Credit Suisse fund after the collapse of Greensill Capital.
StrongRoom AI sale takes a twist after liquidation order
StrongRoom AI will be liquidated, but its fate is still uncertain after an 11th-hour bid for the assets of the controversial pharmaceutical start-up was lodged.
SA rules out taking equity stake in Whyalla steelworks
Treasurer Stephen Mullighan has made a $384 million provision in the budget because the sale process for the business is taking longer than expected.
Creditors divided as StrongRoom sale D-day arrives
The fate of the disgraced pharmaceutical software start-up rests on the outcome of a high-stakes meeting on Thursday.
Adgemis pays out workers in hope of reviving collapsed pubs empire
The former KPMG deal maker has been working on regaining control of five Sydney venues that were once part of his failed Public Hospitality hotels business.
May
Canadian billionaire latest saviour of fallen Aussie tech pioneer
The 43-year-old company behind Australia’s first dial-up modem has been saved again, this time by steel magnate Clayton Zekelman.
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.
Star deal ‘not fair’, but what else is a shareholder to do?
You could sum up independent expert Grant Samuel’s verdict as: something is better than nothing. It’s time to let the foxes into the henhouse.
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.
Billionaire Stokes family check out the up-for-sale Whyalla steel mill
SGH Limited would be a left-of-field bidder for the plant, owned by Sanjeev Gupta until the South Australian government seized it earlier this year.
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.
Failed childcare boss flogging historic Toorak mansion
Darren Misquitta’s childcare entities face millions in unpaid bills. He’s also selling one of Toorak’s most iconic mansions.