Healthscope

Last updated

Healthscope
Company typeSubsidiary
IndustryHealthcare
Founded1985;39 years ago (1985)
Headquarters
312 St Kilda Road, Melbourne
,
Australia
Key people
Greg Horan - CEO
ServicesPrivate healthcare
Owner Brookfield Asset Management
Divisions Hospitals, Mental Health Clinics, Rehabilitation Centres
Website healthscope.com.au

Healthscope is a for-profit Australian company which operates private hospitals, medical centres and rehabilitation hospitals. The company is headquartered on St Kilda Road, Melbourne. It operates medical/surgical hospitals and a number of psychiatric and rehabilitation hospital clinics.

Contents

History

Healthscope is a private healthcare provider in Australia with 41 hospitals. [1]

Formed in 1985, the Healthscope Group has a long history in the private health care industry, and was initially listed on the Australian Securities Exchange (ASX) in 1994.

In October 2010 the Healthscope business was acquired by a consortium of funds, advised and managed by TPG Capital and The Carlyle Group and was subsequently de-listed from the ASX. Following a period of successful growth under private ownership, the Healthscope business was re-listed on the ASX on 28 July 2014.

In July 2015 Healthscope sold its Australian Pathology division to Crescent Capital Partners. [2]

In August 2017, Healthscope sold their Medical Centres portfolio to Singapore-based Fullerton Healthcare. [3]

On 6 June 2019, Canadian firm Brookfield Business Partners LLP announced completion of its takeover of Healthscope. [4] Brookfield partnered with institutional investors including the Caisse de dépôt et placement du Québec, and the CDPQ maintains a minority stake in Healthscope. [5]

Hospitals and facilities run by Healthscope

Hospitals

Healthscope operates and manages 41 private hospitals in Australia, which includes twelve mental health facilities, and six rehabilitation hospitals [6] as well as managing 15 residential care houses through Healthscope Independence Services. [7]

Mental Health Services

Healthscope Hospitals is the largest operator of private inpatient mental health facilities in Australia with 12 hospitals providing care. Healthscope Hospitals provide treatment for mental health issues and for substance use disorders.

Healthscope Hospitals offering Mental Health Services

The programs available at Healthscope Hospitals include:

Rehabilitation Services

Healthscope Hospitals offering Rehabilitation Services

Healthscope Pathology

In July 2015 Healthscope sold its Australian Pathology business to Crescent Capital Partners. [2] Healthscope sold its New Zealand pathology business in August 2020 to NZ Super. [13]

Healthscope Medical Centres

In August 2017, Healthscope sold their Medical Centres division including a portfolio of 43 medical centres, four specialist skin clinics and one specialist breast diagnostic clinic to Fullerton Health Care. [3]

Healthscope Independence Services

Healthscope Independence Services is a provider of unique accommodation, attendant care and in-home services to individuals with acquired brain injuries, other disabilities or complex conditions and others leaving hospital requiring extra support at home. Healthscope Independence Services provides long-term, short-term, transitional and respite options in metropolitan Melbourne, regional Victoria, New South Wales and Darwin in the Northern Territory.

Ownership

Healthscope was a public company whose stock was traded on the Australian Stock Exchange under the stock code HSP. The company completed an initial public offering in 1994 when it raised A$70 million by issuing 40 million shares at A$1.75 each. In 2010, Healthscope was acquired by The Carlyle Group. It was managed by TPG and The Carlyle Group and was later re-added to the ASX on 28 July 2014. From July 2014, Healthscope stock was again part of the S&P/ASX 200 Index under the stock code HSO. [14] As at June 2019, Healthscope was removed from the official list of ASX traded companies as they were acquired by Brookfield. [15]

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References

  1. ↑ "Annual Report 2017" (PDF). Archived from the original (PDF) on 24 August 2017.
  2. 1 2 Binsted, Tim (22 June 2015). "Healthscope sells pathology arm to Crescent Capital for $105m". Australian Financial Review. Retrieved 5 July 2024.
  3. 1 2 "Fullerton Healthcare buys medical centre operations of Australia's Healthscope". 18 August 2017.
  4. ↑ "Brookfield Business Partners Completes Acquisition of Healthscope". Brookfield Business Partners. Retrieved 1 August 2019.
  5. ↑ "CDPQ closes investment in Australian private hospital operator Healthscope". Caisse de dépôt et placement du Québec. 29 August 2019. Retrieved 16 February 2020.
  6. ↑ "Services Overview". Healthscope Hospitals. 4 May 2021. Retrieved 4 May 2021.
  7. ↑ "Residential Houses". Healthscope Independence Services. 4 May 2021. Retrieved 4 May 2021.
  8. ↑ Lucy Ardern, Healthscope to fast track Gold Coast Private Hospital after confirming Allamanda closure, (23 April 2015), Gold Coast Bulletin . Retrieved 4 April 2016
  9. ↑ Tim Binsted (19 November 2015). "Healthscope buys Hunter Valley Private hospital for $71.3m". The Sydney Morning Herald. Retrieved 6 April 2016.
  10. ↑ Bidey, Sam (26 April 2017). "Homesglen Private Hospital officially opened". Herald Sun.
  11. ↑ "Healthscope announces closure of Parkwynd Private Hospital". 4 May 2021.
  12. ↑ "The Darwin Clinic NT's first private mental health facility". 4 May 2021.
  13. ↑ "Healthscope, NZ Super agree $NZ570m pathology deal". Australian Financial Review. 4 August 2020. Retrieved 4 May 2021.
  14. ↑ "Healthscope float: first day success sign of more IPOs to come – ABC News (Australian Broadcasting Corporation)". Australian Broadcasting Corporation. 29 July 2014. Retrieved 6 April 2016.
  15. ↑ "Company Announcements for HEALTHSCOPE LIMITED (HSO)". Australian Stock Exchange. 11 June 2019. Retrieved 12 August 2019.
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