International law firm Allens has advised Healthe Care on the sale of its surgical hospitals business to funds advised by Pacific Equity Partners.
Firm: Allens (Healthe Care).
Deal: Healthe Care has been advised on the sale of its surgical hospitals business.
Area: Corporate, M&A.
Key players: The Allens team was led by M&A partner Tom Story, with assistance from senior associates James Nguyen and Jon van der Walt and associates Jewel Zhu, Krish Nadarajah, Jack Baldwin, and Amy Wang.
Members from the firm’s technology, media and telecommunications team also assisted, including partner Phil O’Sullivan and overseas practitioner Alexandra Martin, as well as employment partner Sikeli Ratu, competition partner Felicity McMahon, and associate Edison Wang.
Deal significance: As per a statement provided by Allens, Health Care’s surgical hospitals portfolio comprises 12 hospitals and seven day surgery centres in Australia and New Zealand, “which together provide a diverse offering of healthcare services across various therapeutic areas”.
Commenting further, lead partner Tom Story said: “We’re pleased to have advised our long-standing client Healthe Care on this notable divestment, which is indicative of the continued interest of private equity sponsors in the Australian healthcare sector.”