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    Hospitals

    This Month

    Ramsay Health Care says full-year earnings will be weaker than expected, highlighting the challenges facing new chief executive Ntalie Davis.

    Ramsay tips lower earnings, hospital capex weak

    Ramsay Health Care says full-year earnings will be weaker than expected as it flags writedowns on its European operations.

    • Michael Smith
    Dr Rachel David, chief executive of Private Healthcare Australia, says a push to collective boycott insurers will hurt regional Australia

    Hospitals seek right to boycott big insurers from funding talks

    Catholic-operated private hospitals want a major shake-up of the way they negotiate funding deals with health insurers, in an escalation of tensions between the two sides.

    • Michael Smith

    July

    New Ramsay Health Care boss Natalie Davis joins from Woolworths, where she runs its Australian supermarkets.

    Why Australia’s No.1 hospitals business poached a supermarkets boss

    Ramsay Health Care chairman David Thodey is trading in deep industry knowledge and expertise for a consultant’s mindset. Will it work?

    • Anthony Macdonald
    NIB Holdings CEO Mark Fitzgibbon has sympathy for private hospital operators.

    How to end the $22b private health war

    Many things have changed in the 22 years that Mark Fitzgibbon has spent at the helm of NIB. The tension between private health insurers and private hospitals isn’t one of them.  

    • Updated
    • James Thomson
    In Australia’s “cure-based” system, treatment is frequently at odds with patients’ known preferences,

    Why can’t we die at home any more?

    Many people who want to die at home are sent into overburdened hospitals for high-intensity care without clear benefits.

    • Jill Margo
    Advertisement
    Bendigo Hospital, designed by Silver Thomas Hanley with Bates Smart.

    Deutsche Bank backs $210m Bendigo Hospital public-private refinance

    Street Talk understands the German bank has come in as the project’s long-term lender, refinancing an existing bank syndicate.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    June

    The debate on the pressures on private hospitals ignores the fact that many new facilities are opening their doors.

    The bottom line is private hospitals are evolving, not collapsing

    The government’s “financial health check” review should kick-start a conversation about innovation and the fate of some old, inefficient facilities.

    • Matthew Koce
    Royal Prince Alfred hospital provides healthcare to those in quarantine, via virtual health.

    Help us or hospital system could fail: private operator

    One of Australia’s largest Catholic hospital operators says a review of the viability of the private sector must secure a viable business model.

    • Tom McIlroy
    Health Minister Mark Butler’s department will finish its “health check” on private hospitals in August.

    Private hospitals open books for urgent ‘health check’

    Health Minister Mark Butler has launched an urgent review into the $22 billion private hospital system.

    • Tom McIlroy

    May

    Metrics Credit Partners’s managing partner Andrew Lockhart.

    Healthscope is a fiasco for private debt funds – and their unitholders

    In these situations, unitholders typically find out after the fact just how stressed the positions are.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    April

    Healthscope CEO Greg Horan says the sector is under serious pressure as costs rise.

    Healthscope in $919m writedown as hospital costs jump

    One of Australia’s biggest private hospital operators plunged into the red as wage and medical supplies costs climbed, and it booked a big impairment.

    • Simon Evans
    Doubel act: I-MED CEO Shrey Viranna and his chairman, George Savvides, oversee one of the biggest privatley owned health businesses in Australia.

    How under the radar I-MED is fighting fit after 20-year PE job

    Tucked away in private equity, it is easy to forget about Australia’s biggest imaging company I-MED. But it is worth watching this year; it has a few ideas on the boil.

    • Anthony Macdonald

    Meet the doctors whose virtual ED is easing the load on hospitals

    In outer Melbourne, a virtual emergency department has offered 250,000 patients treatment and created a model to help keep ageing Baby Boomers out of hospital.

    • Tom Burton
    Former Telstra CEO David Thodey read the room when he took over as Ramsay Health Care’s chairman.

    Adieu: Ramsay Health Care’s shrinking global ambition

    Under-pressure Ramsay Health Care is taking a fresh look at its footprint, which could mean a major change in its strategy. Watch this space.

    • Anthony Macdonald

    March

    HMC Capital’s David Di Pilla is a key player in the Healthscope situation.

    David Di Pilla draws line in the sand at Healthscope

    David Di Pilla’s HMC Capital wants to make a few things clear about where it stands as a landlord to struggling hospital operator Healthscope. 

    • James Thomson
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    The Nepean Private Hospital operated by Healthscope.

    Healthscope lenders ready to bring out big guns as talks heat up

    The lenders have sought pitches from Alvarez and Marsal, and AlixPartners, to work alongside Ashurst’s Shawn Wytenburg and James Marshall.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Healthscope chief executive Greg Horan says a weakened private hospital sector will eventually put pressure on the public hospital sector.

    The real story behind Healthscope’s restructure

    As the Brookfield-owned Healthscope enters restructuring talks with its army of lenders, a much deeper crisis is playing out across the private hospital sector. 

    • Updated
    • James Thomson
    Earlier this year, Queensland Health Minister Shannon Fentiman (centre) helped launch the Nine Telethon with a $1.5 million state government contribution to the Mater Foundation.

    Queensland private hospitals group Mater Health weighs its options

    Sources said KordaMentha has been in-and-around the business, advising on things like business performance and financial modelling for individual hospitals.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    The Nepean Private Hospital operated by Healthscope.

    Lawyers swarm Healthscope’s $1.6b debt restructure

    It’s lawyers at ten paces, as private hospitals group Healthscope hunkers down to negotiate a restructure of its $1.6 billion debt amid shrinking insurance payouts. 

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Healthscope CEO Greg Horan.

    Healthscope calls in restructuring specialists

    Canadian infrastructure giant Brookfield’s private hospitals business Healthscope has called in restructuring specialists, as insurers tighten their fists on payouts to the sector. 

    • Sarah Thompson, Kanika Sood and Emma Rapaport