ALLENS Arthur Robinson has advised Archer Capital on the establishment of Australian Hospital Partners and its acquisition of the third-largest for-profit private hospital operator in Australia, Healthe Care Australia.
Archer made the acquisition from from CHAMP Ventures, Healthe Holdings, ING Investment Management and BOS International.
Baker & McKenzie advised the vendors on the deal, and Corrs Chamber Westgarth advised the Australian Hospital Partners' lenders.
Healthe Care operates 12 hospitals along the east coast, and a range of community nursing and workplace health services. Its facilities include about 1000 beds and 36 operating theatres.
Australian Hospital Partners, which is controlled by funds managed or advised by Archer Capital and the Healthe Care senior management team, will now run the Healthe Care hospitals, which are located in major metropolitan and regional centres.
Mergers and acquisitions partner Tom Story and banking and financial services partner Tom Highnam led an Allens team that worked alongside Archer Capital during the competitive sales process.
'We congratulate Archer Capital and the Healthe Care management team on the establishment of Australian Hospital Partners and the acquisition of Healthe Care," Story said.