I'm going to assume you've never been involved in the negotiations required to facilitate a change over of this scale. I know I haven't, but I've been involved in smaller shifts and those have taken materially longer than the time this has been going on.
I wouldn't be surprised, if the preferred model was that the Healthscope entities at each of the properties remained in place, rather than transitioning to a knew lease holder.
My take on this whole situation, is that the hospitals themselves are operating fine, but that be a PE buy out, the parent entity was laden with an unsustainable level of debt to facilitate payouts to Brookfield so that they could recoup their buy price plus profits. With the debt restructured at lower levels, 40c on the dollar so 1.6B to 640M, the new owners of the operators will be in a better position to draw sustainable profits from the operations.
HCW Price at posting:
91.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)