Option 2) now looking most likely after HMC pulling out IMO unless a PE like Bain makes a bid.
HMC Capital in 'advanced talks' to re-tenant Healthscope hospitals
The news: HMC Capital says it is getting closer to finding a new tenant for its 11 Healthscope hospitals, as it looks to resolve the long-running saga between its Healthcare and Wellness REIT that owns the hospitals and Healthscope, which operates them and is struggling under debt.What they said: "Advanced discussions have continued with multiple alternative hospital operators to re-tenant the HCW/UHF facilities," HMC said in an update to the market, confirming Healthscope had paid rent for March and April. "Based on recent media reports, it is considered possible that Healthscope may soon enter into receivership or administration if its lenders do not agree to an extension of the current forebearance period."
Reads like HCW are waiting for Healthscope to fall over & then switch to new operators on new contracts, most likely this month/Jun IMO.
HCW Price at posting:
85.5¢ 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)