Healthscope’s parent companies have been placed in receivership, with corporate restructuring firm McGrathNicol appointed by the company’s lenders.
The Commonwealth Bank has provided an extra $100 million in funding to support ongoing operations while receivers look for potential buyers.
Healthscope said its hospital operations are not affected.
The company’s 37 hospitals will continue to run as normal, it assured.
Healthscope employees about 19,000 people in Australia.
It is understood McGrathNicol’s will transition the hospitals to new ownership, so as not to cause any closures, redundancies or disruptions.
Creditors voted to end their support for Healthscope’s current owner, Brookfield.
Brookfield has been unable to bankroll the operation of the company’s facilities, including Northern Beaches Hospital and Hobart Private Hospital.
About 20 lenders, including the Commonwealth Bank and Westpac, are owed $1.6billion.
More to come
The company employs about 19,000 in Australia (above, a stock of NSW Health nurses)
