Healthscope, Australia’s second-largest hospital operator, has asked its lenders to take control of the board and oversee the search for a new owner in a bid to stave off insolvency and keep its network of 38 hospitals open.
The move marks the end of Brookfield Asset Management’s disastrous ownership of the hospital operator and puts the company’s future in the hands of the owners of its $1.6 billion debt pile.
Loading…
