Not price sensitive. I guess that means everything is still in the air regarding rent negotiations. I think it’s a bit rude that they feel the rent is too high for a private hospital in the current climate and HCW should take a haircut. Tell them to go buy the land and build another hospital and see how much that costs. Pretty sure the discount the buyers will get on the debt (circa 60%) will more than make them profitable at existing market rent rates. I doubt the rent HCW charges is too far out of line with other hospitals.
I also find it a little strange that CBA has decided to lend $100,000,000 to an entity that has just entered administration and receivership! Surely, combined with the government continuing to harp on about not bailing them out is a sure indication that they most definitely do have their finger on the scales of this. No way they letting a private hospital network and all those jobs disappear up their arse on Labor’s watch. the rest of the hospital system couldn’t cope and the ensuing chaos would not be politically tolerable.
HCW Price at posting:
84.0¢ Sentiment: None Disclosure: Not Held
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