It means Healthscope lenders who are owed $1.6 billion, including Australia’s Big Four banks, will also wear massive losses once the proceeds of the sale are divvied up between them.

The future of the Healthscope hospital empire will be decided by the offshore hedge funds that drove the appointment of receivers McGrathNicol which took control of the business on Monday.

Major Adelaide private hospitals appear safe from being sold in the fallout of the $1.4bn Healthscope descent into receivership but are rushing to work out new arrangements to keep operating.

Healthscope enters receivership with $1.6b of debt, forcing lenders to withdraw support and CBA to inject $100m lifeline. A major private hospital operator battling $1.6b of debt has entered ...

Healthscope CEO, Tina La Spina, echoed this reassurance and said hospitals and staff will remain unaffected during this period. “Today’s appointment of receivers, including the additional ...

Healthscope’s financial troubles have been alluded to in the past as the company has faced high rental costs on hospital sites and struggled to offload its $1.4 billion in debt.

Federal Health Minister Mark Butler said the government would hold Healthscope to its promises. (ABC News: Kate Nickels)The latest figures show about half of all hospitals in Australia are private ...

Receivers appointed to private hospital operator Healthscope as lenders swoop on $1.4bn debt pile Australia’s second largest private hospital operator is in administration after lenders swooped ...

Healthscope, which was bought by Canadian firm Brookfield for $5.7billion in 2019, ... Prince Harry and Meghan Markle's surprise reaction to Queen's request at Princess Eugenie's wedding; ...

Australia's Healthscope has received 10 non-binding indicative offers in a sale process that would take eight to 10 weeks to complete, its CEO said after the nation's second-largest private ...

Banks holding part of hospital operator Healthscope Ltd.’s A$1.6 billion ($1 billion) loan are sounding out traders for potential secondary sales in anticipation of the end of a lock-up period ...

She raised concerns about Healthscope’s 2023 request to return the public portion of the hospital to the government 14 years early, citing a “risk to viability” and a “challenging ...