Primary Health Care acquires seven specialist hospitals

By Grace Ormsby|20 September 2018

Cooper Grace Ward has acted for Montserrat Day Hospitals on the sale of its hospital and healthcare business to Primary Health Care in a deal seen as “an exciting opportunity for both parties”, according to the firm.

Firm: Cooper Grace Ward (Montserrat Day Hospitals), Herbert Smith Freehills (Primary Health Care Limited)

Deal: Cooper Grace Ward has acted for Montserrat Day Hospitals on the sale of its hospital and healthcare business to Primary Health Care.

Value: Undisclosed 

Area: M&A, Healthcare

Key players: The Cooper Grace Ward team was led by partner Charles Sweeney with support from partner Clinton Jackson, special counsel Andrew Corkhill, lawyers Adelaide Hayes, Nick Ward, and graduate David Lee Lewes.

Deal significance: Monserrat Day Hospitals currently operates seven specialist day hospitals and haematology/oncology clinics across Western Australia, Queensland and NSW.

Advertisement
Advertisement

Both parties see the acquisition as an exciting opportunity, as Monserrat is “strategically aligned to Primary Health Care’s core business of providing frontline community healthcare”, according to a Cooper Grace Ward statement.

Leading the deal, Mr Sweeney commented that the firm was “thrilled to have advised our long-standing client on this substantial deal, which further underscores Cooper Grace Ward’s compelling M&A offering”.

“We have enjoyed working with the team at Montserrat to reach the right outcomes in this complex transaction,” he said.

The acquisition is expected to be completed in November, subject to the standard conditions precedent being satisfied.

Primary Health Care acquires seven specialist hospitals
Intro image
lawyersweekly logo
SME Law

latest

Slaters hits Colonial First State with class action on behalf of 500,000 Australians

Victorian principal found guilty on 9 charges

Maurice Blackburn circles MySuper with new class action

Ruling that litigation funders must pay security for costs has numerous implications