Latest news with #DavidDiPilla
AU Financial Review
27-05-2025
- Business
- AU Financial Review
Meet the UK hedge fund emerging as Healthscope's kingmaker
As Healthscope slides into receivership after nearly 18 months of high-stakes negotiations, it's not local deals junkie David Di Pilla that is calling the shorts but a secretive London-headquartered hedge fund. Street Talk can reveal Polus' dealmakers are expected to land in Australia next week to meet with key decision makers at Healthscope, after cornering about $300 million of its $1.6 billion debt. That holding makes it one of Healthscope's biggest lenders – miles ahead of rivals like Josh Friedman's Canyon Partners which owns about $50 million to $100 million – and gives it considerable weight in the vote that would be needed to approve or block any asset sales from the receivership.
Yahoo
17-03-2025
- Business
- Yahoo
Individual investors among HMC Capital Limited's (ASX:HMC) largest stockholders and were hit after last week's 11% price drop
HMC Capital's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public A total of 25 investors have a majority stake in the company with 50% ownership Institutions own 21% of HMC Capital To get a sense of who is truly in control of HMC Capital Limited (ASX:HMC), it is important to understand the ownership structure of the business. With 49% stake, individual investors possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). As market cap fell to AU$3.0b last week, individual investors would have faced the highest losses than any other shareholder groups of the company. Let's delve deeper into each type of owner of HMC Capital, beginning with the chart below. See our latest analysis for HMC Capital Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that HMC Capital does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at HMC Capital's earnings history below. Of course, the future is what really matters. Hedge funds don't have many shares in HMC Capital. Looking at our data, we can see that the largest shareholder is Home Investment Consortium Trust with 15% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 6.9% and 6.4%, of the shares outstanding, respectively. Furthermore, CEO David Di Pilla is the owner of 2.2% of the company's shares. A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. We can report that insiders do own shares in HMC Capital Limited. The insiders have a meaningful stake worth AU$137m. Most would see this as a real positive. If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling. The general public, who are usually individual investors, hold a 49% stake in HMC Capital. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. We can see that Private Companies own 25%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. While it is well worth considering the different groups that own a company, there are other factors that are even more important. To that end, you should be aware of the 2 warning signs we've spotted with HMC Capital . But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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Yahoo
15-02-2025
- Business
- Yahoo
Australia's HealthCo says HMC Capital among suitors for Healthscope hospitals
(Reuters) - Australia's HealthCo Healthcare and Wellness REIT said on Friday that a consortium led by David Di Pilla's HMC Capital had approached it for a possible buyout of Healthscope hospitals. Healthscope, which is the country's second-largest private hospital operator with about 38 hospitals, accounts for nearly 59% of HealthCo's gross earnings and has a market value of A$1.5 billion, the real estate investment trust said in a statement, without giving any further details. HealthCo is majority owned by Di Pilla with a more than 22% stake, as per LSEG data. HealthCo forked out A$1.20 billion ($757.68 million) in 2023 to acquire Medical Properties' Healthscope hospital portfolio, a chain of 11 private hospitals in a deal that was backed by asset manager HMC Capital. Earlier, New York-headquartered private equity firm Brookfield acquired Healthscope in 2019 only for them to sell some of Healthscope's hospitals to Medical Properties. HealthCo said on Friday it had been approached by "capable and qualified parties to potentially tenant the 11 hospitals including a consortium led by HMC Capital's private equity division." Shares of HealthCo, which have fallen about 12% since their debut in 2021, gave up early gains to close flat. HMC Capital's managing director for real estate, Sid Sharma, said, "The pressures around private health insurance and wage costs are well documented... VMO (visiting medical officer) retention is high. What needs to be rectified... is the capital structure." Asset manager HMC launched Australia's largest initial public offering of last year through DigiCo REIT, a new digital infrastructure real estate trust focused on data centers. HealthCo logged a 5% growth in funds from operations (FFO) to 4.2 Australian cents per share in the first half of the year and reaffirmed its full-year FFO forecast of 8.4 cents apiece. ($1 = 1.5838 Australian dollars) Sign in to access your portfolio
Reuters
14-02-2025
- Business
- Reuters
Australia's HealthCo says HMC Capital among suitors for Healthscope hospitals
Feb 14 (Reuters) - Australia's HealthCo Healthcare and Wellness REIT ( opens new tab said on Friday that a consortium led by David Di Pilla's HMC Capital ( opens new tab had approached it for a possible buyout of Healthscope hospitals. Healthscope, which is the country's second-largest private hospital operator with about 38 hospitals, accounts for nearly 59% of HealthCo's gross earnings and has a market value of A$1.5 billion, the real estate investment trust said in a statement, without giving any further details. HealthCo is majority owned by Di Pilla with a more than 22% stake, as per LSEG data. HealthCo forked out A$1.20 billion ($757.68 million) in 2023 to acquire Medical Properties' Healthscope hospital portfolio, a chain of 11 private hospitals in a deal that was backed by asset manager HMC Capital. Earlier, New York-headquartered private equity firm Brookfield acquired, opens new tab Healthscope in 2019 only for them to sell some of Healthscope's hospitals to Medical Properties. HealthCo said on Friday it had been approached by "capable and qualified parties to potentially tenant the 11 hospitals including a consortium led by HMC Capital's private equity division." Shares of HealthCo, which have fallen about 12% since their debut in 2021, gave up early gains to close flat. HMC Capital's managing director for real estate, Sid Sharma, said, "The pressures around private health insurance and wage costs are well documented... VMO (visiting medical officer) retention is high. What needs to be rectified... is the capital structure." Asset manager HMC launched Australia's largest initial public offering of last year through DigiCo REIT, a new digital infrastructure real estate trust focused on data centers. HealthCo logged a 5% growth in funds from operations (FFO) to 4.2 Australian cents per share in the first half of the year and reaffirmed its full-year FFO forecast of 8.4 cents apiece. ($1 = 1.5838 Australian dollars)
