SYDNEY (Reuters) -Australian hospital operator Healthscope, which entered receivership on Monday, has received around 10 non-binding indicative offers for the company, with the sales process expected to take up to 10 weeks, CEO Tino La Spina said. Healthscope, Australia’s second-largest private hospital group, has secured an additional A$100 million ($65.2 million) of funding to support […]
Health
Australia’s Healthscope gets around 10 indicative purchase offers, CEO says
Audio By Carbonatix
SYDNEY (Reuters) -Australian hospital operator Healthscope, which entered receivership on Monday, has received around 10 non-binding indicative offers for the company, with the sales process expected to take up to 10 weeks, CEO Tino La Spina said.
Healthscope, Australia’s second-largest private hospital group, has secured an additional A$100 million ($65.2 million) of funding to support its operations, La Spina said. All of its hospitals would continue to operate, he added.
Australia’s Health Minister Mark Butler earlier in the day ruled out any taxpayer-funded bailouts for the company.
($1 = 1.5340 Australian dollars)
(Reporting by Christine Chen in Sydney; Editing by Jamie Freed)