Herbert Smith Freehills has advised the State of Tasmania on a new contract for Healthscope Limited to operate Hobart Private Hospital for a new 20 year term.
Bethanie Aged Care
Advised Perth-based non-profit aged care operator, The Bethanie Group Inc., on its announced conditional agreement to acquire two residential care facilities from Berrington Care. Berrington Care was placed into administration on 4 July 2019. The administration, and associated treatment of ‘refundable accommodation deposits’, made this a particularly complex (and first-of-kind) transaction.
Advised in relation to its strategic investment in Suntop, a PRC supplier of dialysis equipment and operator of dialysis clinics. The strategic investment will facilitate the expansion of Suntop’s business and the building of connections with Japanese suppliers and medical institutions.
QIC Global Infrastructure Fund
Advised QGIF on its acquisition of a circa 75% interest in Nexus Hospitals, Australia’s second largest operator of day and short-stay hospitals. Nexus Hospitals operates 14 facilities across Australia. This transaction was QGIF’s first investment in the healthcare sector and part of a growing trend for infrastructure investors to consider investments in healthcare assets.
Advised on US-headquartered ground-breaking public sector / private sector joint venture to create dialysis centres in Singapore. The agreement with insurance cooperative NTUC Income and NTUC Health provides affordable health and eldercare services in Singapore.
Fullerton Primary Care
Advised in relation to the acquisition of 100% of the shares in Healthscope Medical Centres, a business comprising 48 centres (including four skin clinics and one specialist breast clinic) situated across Victoria, WA, NSW, Queensland and the ACT.