Allens has advised Healthe Care on the sale of its surgical hospitals business to funds advised by leading Australian private equity sponsor Pacific Equity Partners.
Healthe Care’s surgical hospitals portfolio comprises 12 hospitals and 7 day surgery centres in Australia and New Zealand, which together provide a diverse offering of healthcare services across various therapeutic areas. The hospitals themselves focus on complex, high-acuity procedures.
Lead Partner Tom Story said, ‘We’re pleased to have advised our longstanding client Healthe Care on this notable divestment, which is indicative of the continued interest of private equity sponsors in the Australian healthcare sector.’
The deal further strengthens Allens’ leading presence in the healthcare sector, with the firm recently advising BGH Capital on its acquisition of Healius’ medical centres and dental clinics businesses, and Pacific Equity Partners on its acquisition of LifeHealthcare Group.
