Receivers appointed to Healthscope parent companies

26 May 2025

• All Healthscope hospitals to continue operating – no impact on hospitals, staff or
• patients
• Additional $100 million in liquidity provided to support operations
• Healthscope management remains in place and focused on patient care

Healthscope’s parent entities have entered receivership, with its lenders appointing
McGrathNicol Restructuring to work with Healthscope management to complete an orderly
sale of the business. The operational business, which runs the hospitals, is not in
receivership.

The Group’s 37 hospitals all remain open and operating on a business-as-usual basis with
no impact on staff, doctors or patient care.

Healthscope’s management team, led by CEO Tino La Spina, will continue to lead the
business and operations.

Healthscope CEO, Tino La Spina commented:

“All 37 of our hospitals continue to operate as normal and today’s appointment of receivers, including the additional funding, ensures a stable path to a sale, with no impacts on any hospitals, staff or patients.

“There is no interruption to the outstanding care we provide. Our incredible teams are all
working as normal, providing the high standard of care they always have. The additional
funding, while we do not anticipate it being required, provides additional support.

“The receivers and management share the same goal of maintaining our market leading
standards of patient care and protecting the business, the hospitals and our amazing
people.”

The Healthscope Board has appointed partners from KordaMentha as administrators to the same non-operating entities, as is common practice. The receivers will assist the
administrators as required to fulfil their statutory role.

McGrathNicol have been provided with a new $100 million funding package by
Commonwealth Bank of Australia to support operations during the sale process.

This is in addition to Healthscope’s current cash balance of $110 million, and substantial
additional asset backing across the group. Healthscope’s existing working capital financier is also providing support.

Key supplier relationships will remain unaffected, with payment terms maintained.

McGrathNicol’s intention is to transition all hospitals to new ownership, with no plans for
hospital closures or redundancies. They will undertake an immediate review of the sale
process to date, with a view to re-engaging with interested parties in the coming weeks.

McGrathNicol partner and appointed receiver, Keith Crawford said:

“We want to make it clear that the subsidiaries that own and operate Healthscope’s network of hospitals are not affected by our appointment to the shareholding companies."

“Our immediate focus is to engage constructively with all key stakeholders to ensure
uninterrupted operation of Healthscope hospitals and continuity of best practice standards of patient care.”

“We will also work closely with Healthscope management to support any operational funding requirements via access to $100 million of new funding from Commonwealth Bank while we pursue an orderly transition of ownership of Healthscope’s hospitals.”

Ends

Note to editors:
The lender group has appointed Keith Crawford, Jason Ireland, Kathy Sozou and Matthew
Caddy from McGrathNicol as Receivers & Managers (Receivers) of ANZ Hospitals Pty Ltd
and Healthscope Newco Pty Ltd, the non-operating shareholding entities within the broader Healthscope Group.

Further information:
Contact: media@healthscope.com.au