Healthscope board is under a lot of pressure changing their CEO...

Healthscope board is under a lot of pressure changing their CEO from very experience private hospital operator to a zero hospital experienced CEO.

The new CEO does have good credentials. So did Peter Smedley. Remember Smedley destroyed Mayne Group. If you do not remember. Mayne Group was a transport company that had the largest private hospital business in Australia at the time.

Smedley was the smartest person in the room, surrounded himself with his ex-cronies. Hence the hospital business went in a downward slop. In walks Robert Cooke restores the business, Mayne sell it....becomes Affinity Health, then Ramsay buy Affinity. Some hospitals fall out to Healthscope and newly set up Healthe Care.

Healthscope board needs to be very carefully that they oversee the new CEO. Make sure he listens to the experienced operators within Healthscope.

Some of the top executives in healthcare industry today were at Maynes back in the late 1990s and early 2000s. Most of them Smedley did not think much of.

Hopefully the Healthscope board and new CEO do not fall into the same trap.