Healthscope seeks buyers after collapse
Australia's second-largest private hospital operator Healthscope was placed into administration yesterday, with debts of about $1.4 billion.
The company operates 37 hospitals, employs about 19,000 staff, and performs nearly three-quarters of all elective surgeries across Australia.
However, its Canadian hedge fund owner, Brookfield, has struggled to manage the business since buying it in 2019 due to rising costs and a disagreement with health insurers over patient fees.
McGrathNicol Partner Jason Ireland joins Sky News business reporter Ed Boyd to discuss the next steps in the selling process for the hospital operator.
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