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Australia

 

Australia’s Top 5 private healthcare providers

This infographic presents actual data on Australia’s top for-profit healthcare providers, focusing exclusively on their operations within Australia. Featured companies include Ramsay Health Care (hospitals, mental health, pharmacy), Sonic Healthcare (laboratory services), Healthscope (hospitals), BUPA Australia and New Zealand (outpatient, insurance) and Healius (laboratory services).

Cura Day Hospitals Group completes acquisition of PresMed

Cura Day Hospitals Group Pty Ltd, a major provider of private hospital facilities in Australia, has today confirmed the completion of its acquisition of PresMed Hospitals Ltd, specialising in surgical day hospitals in the country, on 31st December 2024. 

Australia’s ICON Group acquires Cancer Centre London to address UK radiation therapy gaps

Icon Group, Australia's largest cancer care provider, has acquired Nuffield Health Cancer Centre London (CCL) to address gaps in radiation therapy across England.  Nuffield Health is the UK’s largest healthcare charity with a network of 37 hospitals and 111 fitness and wellbeing centres. This acquisition follows a partnership formed between the two organisations in August 2023.  Since early 2023, Icon and Nuffield Health have collaborated to enhance services and patient care at the center. The acquisition marks the next phase of their joint efforts to strengthen cancer care delivery in the UK.

What do the struggles of Australia’s private hospitals mean for private equity investors?

Private hospitals in Australia are facing a severe financial crisis, as highlighted by a recent Department of Health review. While the financial struggles of these hospitals are not new, this is the first time the government has conducted a review and officially acknowledged the issue. The review found that private hospital profit margins have nearly halved over five years as costs outpaced revenue, with “imminent closures” likely without urgent government intervention.

Healius sells Lumus Imaging to Affinity 

Australian diagnostics group Healius has sold its imaging division, Lumus Imaging, to pan-Asian PE firm Affinity Equity Partners, for A$965 million (~$655 million).

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