Healthscope Receives Funding From CBA to Keep Hospitals Running
Australia's biggest bank has stepped in to provide funding to hospital operator Healthscope Ltd. as the government said it wouldn't provide a bailout.
Healthscope, one of the country's largest private health care providers, has entered administration, according to a statement Monday. Commonwealth Bank of Australia has provided a A$100 million ($65 million) funding package to support the sale process and ensure normal patient care at its 37 medical facilities, the statement said.
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