Healthe Care Australia acquires Evolution Healthcare hospitals in $53m transaction
Healthe Care today confirmed the completion of the acquisition of Evolution Healthcare’s three Illawarra hospitals in a deal valued at $53 million. It boosts Healthe Care’s national portfolio near to 2,200 beds across 21 private hospitals, and now includes Shellharbour Private Hospital, South Coast Private and Wollongong Day Surgery.
It boosts Healthe Care’s national portfolio near to 2,200 beds across 21 private hospitals, and now includes:
Shellharbour Private Hospital a 60 bed medical, surgical, paediatric and rehabilitation hospital servicing the Illawarra and South Coast region.
South Coast Private a 90 bed mental health hospital in Illawarra offering specialised treatment for a broad range of mental health conditions.
Wollongong Day Surgery in Wollongong’s CBD and adjacent to Wollongong Hospital, servicing Southern Sydney to the South Coast and west into the Southern Highlands.
It follows the company’s February acquisition of Abbotsford Private Hospital, a 30 bed inner Perth specialist addictions mental health hospital and Blackwood River Clinic, a rehabilitation and day clinic in Western Australia’s south west.
Healthe Care Chief Executive Officer, Steve Atkins says today’s announcement further cements the company as a leading private hospital operator in Australia.
“We have a strong track record in providing quality private acute medical, surgical, rehabilitation and mental health services across Australia, and the acquisition of this portfolio is another significant milestone in our Australian growth strategy. With further acquisitions planned to settle this year, Healthe
Care’s commitment to expanding leading health care services is clear.”
“With Shellharbour Private Hospital, South Coast Private and Wollongong Day Surgery partnering under Healthe Care’s ownership, we are planning further investment in private health services in the Illawarra region to meet the needs of the local communities. We are focused on ensuring each of these facilities continue to deliver high quality health care, and we look forward to working with local management, staff, doctors and external partners who are currently involved with these three sites”, says Steve.
