Under assessment · Notification · Phase 1 · day 1 of review, decision due 14 Dec 2026 (41 days)
Healthe Care Group, majority owned by Pacific Equity Partners, proposes to acquire the assets of Prince of Wales Private Hospital in Randwick, NSW, from Healthscope entities. This asset acquisition is part of a broader consortium deal, including Calvary, Acurio Health, and KnG Group, for Healthscope's hospital portfolio following its parent entities' receivership.
Healthe Care Group Pty Ltd (Healthe Care), through its wholly owned subsidiary, proposes to acquire all of the assets comprising Prince of Wales Private Hospital (Prince of Wales) in Randwick, New South Wales, from Healthscope entities (the Acquisition). The Acquisition forms part of a broader consortium acquisition of Healthscope's portfolio. The other consortium members are Calvary, Acurio Health and KnG Group, which will each acquire separate hospitals pursuant to inter-conditional sale agreements. In addition to its acquisition of Prince of Wales, and as part of the consortium proposal, Healthe Care proposes to acquire substantially all the assets of five Healthscope hospitals located in Melbourne and Geelong. The proposed acquisition of these assets is subject to a separate notification (MN-25058). Healthe Care is an Australian private healthcare group that operates 17 private hospitals and day surgeries across New South Wales, Victoria and Tasmania. Healthe Care is a majority owned by funds managed or advised by Pacific Equity Partners, a private markets fund manager. Healthe Care currently operates two private hospitals in Sydney: Hurstville Private Hospital and Waratah Private Hospital (both located in Hurstville, in southern Sydney). Healthe Care also operates Healthwoods Endoscopy Centre, a specialist endoscopy day surgery located in Granville, in western Sydney. Healthscope is Australia's second-largest private hospital operator. On 26 May 2025, Healthscope's parent entities entered into receivership, with McGrathNicol appointed as Receivers to complete a sale of the business. The Receivers conducted an extended sale process over Healthscope's hospital portfolio.