Allens Arthur Robinson has advised Archer Capital on its acquisition of the third-largest for-profit private hospital operator in Australia, Healthe Care Australia Pty Limited.
Healthe Care operates 12 hospitals along the east coast as well as a range of community nursing and workplace health services with facilities featuring around 1000 beds and 36 operating theatres.
Allens advised Archer Capital on the establishment of Australian Hospital Partners Pty Limited and its acquisition of 100% of Healthe Care from CHAMP Ventures, Healthe Holdings, ING Investment Management and BOS International (Australia) Limited.
Mergers and acquisitions partner Tom Story and banking and financial services partner Tom Highnam led the Allens team working alongside Archer Capital during the competitive sales process.
Australian Hospital Partners, which is controlled by funds managed 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.
Baker & Mackenzie acted for the vendors and Corrs Chamber Westgarth acted for Australian Hospital Partners' lenders.