Pacific Equity Partners worked with Gilbert + Tobin on the financing of its acquisition of Healthe Care’s surgical hospital portfolio from China’s Luye Medical Group.
Firm: Gilbert + Tobin (Pacific Equity Partners)
Value: N/A.
Area: M&A, health.
Key players: The team was led by banking and projects partner John Schembri and Spiro Papadolias with assistance from lawyer Corrie Eames.
Deal significance: Healthe Care’s surgical hospitals portfolio consists of 19 private healthcare facilities in Australia and New Zealand and is regarded as one of the leading operators of surgical hospitals and day surgery centres in the region.
The facilities concentrate on complex and specialised work, including high-acuity procedures, orthopaedics, cardiology, urology, and other specialist services.
Commenting on the transaction, Mr Schembri and Mr Papadolias said: “We are delighted to have assisted our long-time client Pacific Equity Partners on this financing. There was no shortage of demand from banks and institutions to provide financing to PEP for this acquisition; showing the depth of innovative financing solutions available in the Australasian market.
“The acquisition of Healthe Care’s surgical portfolio will complement PEP’s existing portfolio of investments, and we look forward to seeing the growth and development of the portfolio under PEP’s ownership and guidance.”
