May 28 (Reuters) – Australia’s HealthCo Healthcare & Wellness REIT said on Thursday Healthscope has agreed to appoint Bethesda Health Care as the new operator of its Mount Private Hospital.
Here are some details:
• Unlisted Healthcare Fund (UHF) and HealthCo Healthcare own 11 Healthscope hospitals. Mount Private Hospital is a part of Healthscope’s network of hospitals
• Healthscope, one of Australia’s largest private hospital operators, has a network of 38 hospitals. It was placed under receivership a year ago
• UHF, and Healthscope and its Receiver on Thursday reached an agreement with not-for-profit private hospital operator Bethesda for the Mount Private Hospital
• Not-for-profit private hospital operator Bethesda will start operating Mount Private Hospital in the first quarter of fiscal 2027 under a new long-term lease
• The Western Australia (WA) state government will act as guarantor and provide financial assistance to Bethesda to enable the transition and operation of the Mount Private Hospital
• WA Health will also use the hospital for services such as elective surgeries to ease the burden on the public wait list
• Healthscope’s Receiver has granted a period of due diligence to alternative operators, including Calvary Health Care, for 27 Healthscope hospitals
• HealthCo Healthcare and UHF have executable new lease agreements in place for 10 other Healthscope hospitals with Healthe Care (VIC), Acurio Health (NSW) and KnG Healthcare (QLD)
(Reporting by Sherin Sunny in Bengaluru; Editing by Subhranshu Sahu)
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