Healthscope to spin off hospitals as patient exodus hits profits: Reuters
Australian hospital operator Healthscope Ltd, which recently rejected two takeover approaches, plans to inject A$1 billion (US$731.6 million) of its property assets into a trust and sell nearly half of that to an investor, Reuters reported. Healthscope said the trust would hold its 29 hospitals. These would be leased back to the company, which would own a majority stake in the trust, while it will seek an investor who would hold up to 49 percent. The company, which in May rejected US$3 billion-plus buyout offers from Canada’s Brookfield Asset Management and a consortium of local private equity firm BGH Capital, did not elaborate if it was in talks with interested parties.
21 August 2018•2 mins read
