'The federal government says it will not bail out struggling private hospital giant Healthscope, which has ceded control of the company to its lenders as it tries to find a new owner, raising fears of hospital closures.Health Minister Mark Butler, who was reappointed to his role in the second Albanese term of government this week, said Labor was watching the situation closely.“The government expects the hospital group, lenders, and landlords to act co-operatively and deliver the least disruptive outcome for patients, staff, and the broader health system,” a spokeswoman for Butler told The Australian Financial Review.
'“Our clear expectation is that this is done solvently – this is about restructuring a balance sheet, not a business. There will be no government funding provided to bailout of Healthscope.”'
HCW Price at posting:
82.0¢ 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)