Time for Healthscope to go private, says chief

LONGTIME Healthscope chief executive Bruce Dixon says the time is right for the hospital and pathology group to shift into private hands.
He flagged aggressive future expansion under its new private equity owners.
Speaking publicly for the first time since TPG Capital and the Carlyle Group secured board approval for a $2.7 billion takeover of Healthscope, Mr [...]

Healthscope profit increase delights future owners

HEALTHSCOPE posted a 37 per cent rise in full-year net profit, a result likely to delight the US private equity consortium poised to buy it.
Australia’s second-largest private hospital operator, which has backed a $2.7 billion bid from Carlyle Group and TPG due for completion in October, was in rude health for its final result for [...]

Damning review

Canberra Hospital management has been sharply criticised by a panel reviewing maternity services in the ACT, saying it has not dealt with inappropriate behaviour in its maternity unit.
But the ACT’s branch of the Australian Medical Association says it expects personality differences within the Canberra Hospital’s maternity ward will fade now the unit has been put [...]

Exciting research into treating dementia

New clinical trials to treat Alzheimer’s Disease offer real hope, according to Associate Professor Stephen Macfarlane, Caulfield Hospital’s Director of Aged Psychiatry.
Caulfield Hospital is one of a number of sites worldwide involved in this new research. The new trial is one of the first to approach and treat the cause of Alzheimer’s Disease, rather than [...]

Shortcut to better health

A HAIRDRESSER’S role as someone to provide a friendly ear to a client has expanded in Cardinia Shire to include a referral service to community agencies.
The Talking Health program was built on the premise that women often confide in their hairdressers about matters such as family violence, depression, grief and bereavement.
After workshops and an in-salon [...]

New Operating Theatre Opens at Sunshine Hospital

Federal Minister for Health Nicola Roxon officially opened Sunshine Hospital’s sixth operating theatre on Sunday 18 July. Ms Roxon was joined by Federal Member for Maribyrnong Bill Shorten to open the new $2.6 million facility.
Funded through the Federal Government’s Elective Surgery Waiting List Reduction Plan, the sixth theatre has been designed with specific obstetric and [...]

Healthscope accepts $2.7bn takeover deal

AUSTRALIA’S second-largest private hospital group is set to fall into the hands of private equity.
Healthscope’s board has endorsed a sweetened $2.7 billion takeover offer.
Investors are also expected to back Asia Pacific Healthcare Group’s offer of $6.26 cash for their shares, which comes at a substantial premium to the group’s flagging stock price earlier this year.
Healthscope [...]

Healthscope board mulls over two takeover offers

THE board of takeover target Healthscope will meet this weekend to discuss bids from two private equity consortiums.
The bids could see ownership of Australia’s second-largest hospital operator change hands.
Following a week of high drama that saw one of the bidding groups come close to collapsing, it is understood that both Kohlberg Kravis Roberts and the [...]

MyHospitals website to open next month, Roxon announces

THE government’s MyHospitals website is scheduled to be up and running next month to compare the performances of public hospitals against national benchmarks.
Announcing details of the site today Health Minister Nicola Roxon said: “MyHospitals draws back the curtain on the performance of Australia’s hospital system and provides an unprecedented level of transparency as the Gillard [...]

Website to put hospitals under the microscope

The Federal Government says a new website will be launched next month that will allow people to compare the performance of public hospitals.
Health Minister Nicola Roxon says the MyHospitals website will compare waiting times for elective surgery and emergency department care with national averages.
It was part of the $5 billion health deal Kevin Rudd struck [...]

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