Latest news with #HealthscopeLtd
Bloomberg
26-05-2025
- Business
- Bloomberg
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.
Bloomberg
12-05-2025
- Business
- Bloomberg
Brookfield's Unit Asks Lenders to Take Over to Avoid Bankruptcy
Australian hospital operator Healthscope Ltd., owned by a unit of Brookfield Corp., is trying to avoid company receivership by asking lenders to support a plan that will give them board control, after struggling to pay interest on an outstanding A$1.6 billion ($1 billion) loan. Under the plan, lenders have the ability to appoint their own board nominees as soon as they're in a position to do so, Healthscope said in a Monday statement, adding that it has sent all financiers a letter detailing and committing to the transition of control.
