Healthscope is a

for-profit Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessari ...

Australian located, North American owned company which operates

private hospital A private hospital is a hospital not owned by the government, including for-profit and non-profit hospitals. Funding is by patients themselves ("self-pay"), by insurers, or by foreign embassies. Private hospitals are commonly part, albeit in var ...

s and medical centres, as well as a number of

psychiatric Psychiatry is the medical specialty devoted to the diagnosis, treatment, and prevention of deleterious mental conditions. These include matters related to cognition, perceptions, mood, emotion, and behavior. Initial psychiatric assessment of ...

and

rehabilitation hospital Rehabilitation hospitals, also referred to as inpatient rehabilitation hospitals, are devoted to the rehabilitation of patients with various neurological, musculoskeletal, orthopedic, and other medical conditions following stabilization of their ...

s. The company is headquartered on St Kilda Road, Melbourne. In 2025 it was placed into

receivership In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especia ...

by lenders over A$1.6 billion in debt. McGrathNicol were appointed receivers-and-managers and KordaMentha were appointed

administrators Administrator or admin may refer to: Job roles Computing and internet * Database administrator, a person who is responsible for the environmental aspects of a database * Forum administrator, one who oversees discussions on an Internet forum * N ...

, with a further $100 million injected into the receivership by Commonwealth Bank to keep operations going.

History

Healthscope is a private healthcare provider in Australia with 41 hospitals. Formed in 1985, the Healthscope Group has a long history in the private health care industry, and was initially listed on the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

(ASX) in 1994. In October 2010 the Healthscope business was acquired by a consortium of funds, advised and managed by

TPG Capital TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm in ...

and

The Carlyle Group The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management. Carlyle specializes in ...

and was subsequently de-listed from the ASX. Following a period of successful growth under private ownership, the Healthscope business was re-listed on the ASX on 28 July 2014. In July 2015 Healthscope sold its Australian Pathology division to Crescent Capital Partners. In August 2017, Healthscope sold their Medical Centres portfolio to Singapore-based Fullerton Healthcare. On 6 June 2019, Canadian firm

Brookfield Business Partners Brookfield Business Partners L.P. is a publicly traded limited partnership and the primary public vehicle through which Brookfield Corporation, its parent company, owns and operates the business services and industrial operations of its privat ...

announced completion of its takeover of Healthscope. Brookfield partnered with institutional investors including the

Caisse de dépôt et placement du Québec The Caisse de dépôt et placement du Québec (, CDPQ; ) is an institutional investor that manages several public and parapublic pension plans and insurance programs in the Canadian province of Quebec. It was established in 1965 by an act of the ...

, and the CDPQ maintains a minority stake in Healthscope. On 26 May 2025, Healthscope went into

after its lenders voted to end their support for Brookfield, which had been unable to pay to keep facilities open. McGrathNicol were appointed receivers, with the

Commonwealth Bank The Commonwealth Bank of Australia (CBA), also known as Commonwealth Bank or simply CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States, and the United Kingdom. It provides a variety of fi ...

and

Westpac Westpac Banking Corporation, also known as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney. Established in 1817 as the Bank of New South Wales, it acquired the Commerc ...

, two of the lenders owed $1.6 billion. It comes during debate on whether the NSW Government should take over hospitals in NSW, and after recent critical failures such as the death of the two year old son of Elouise Massa who says the administration should stop 'the private equity firm Brookfield rom profiting fromthe care of sick and injured Australians', and the bungled recovery and death from

anaphylaxis Anaphylaxis (Greek: 'up' + 'guarding') is a serious, potentially fatal allergic reaction and medical emergency that is rapid in onset and requires immediate medical attention regardless of the use of emergency medication on site. It typicall ...

of 17-year-old walk-in James Tsindos. KordaMentha were appointed

and Commonwealth Bank has injected an extra $100 million to keep the hospitals afloat, with assurances that the hospitals will run as per usual with no redundancies and pauses at this stage and only the ownership has collapsed.

Ownership

Healthscope was a public company whose stock was traded on the

Australian Stock Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, ...

under the stock code HSP. The company completed an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

in 1994 when it raised A$70 million by issuing 40 million shares at A$1.75 each. In 2010, Healthscope was acquired by

. It was managed by TPG and The Carlyle Group and was later re-added to the ASX on 28 July 2014. From July 2014, Healthscope stock was again part of the S&P/ASX 200 Index under the stock code HSO. As at June 2019, Healthscope was removed from the official list of ASX traded companies as they were acquired by Brookfield.

Hospitals and facilities run by Healthscope

Hospitals

Healthscope operates and manages 41 private hospitals in Australia, which includes twelve mental health facilities, and six rehabilitation hospitals as well as managing 15 residential care houses through Healthscope Independence Services. *

Queensland Queensland ( , commonly abbreviated as Qld) is a States and territories of Australia, state in northeastern Australia, and is the second-largest and third-most populous state in Australia. It is bordered by the Northern Territory, South Austr ...

**Brisbane Private Hospital ** Gold Coast Private Hospital (previously Allamanda Private Hospital)Lucy Ardern, Healthscope to fast track Gold Coast Private Hospital after confirming Allamanda closure, (23 April 2015)
'' Gold Coast Bulletin''. Retrieved 4 April 2016 **Pacific Private Hospital **Peninsula Private Hospital **Pine Rivers Private Hospital **Sunnybank Private Hospital *

New South Wales New South Wales (commonly abbreviated as NSW) is a States and territories of Australia, state on the Eastern states of Australia, east coast of :Australia. It borders Queensland to the north, Victoria (state), Victoria to the south, and South ...

**Campbelltown Private Hospital **Lady Davidson Private Hospital **Hunter Valley Private Hospital **Nepean Private Hospital **Newcastle Private Hospital ** Northern Beaches Hospital **Norwest Private Hospital **Prince of Wales Private Hospital **Sydney Southwest Private Hospital **The Hills Private Hospital **The Sydney Clinic **Tweed Day Surgery *

Australian Capital Territory The Australian Capital Territory (ACT), known as the Federal Capital Territory until 1938, is an internal States and territories of Australia, territory of Australia. Canberra, the capital city of Australia, is situated within the territory, an ...

**National Capital Private Hospital * Victoria **Bellbird Private Hospital site reverted to Eastern Health **Dorset Rehabilitation Centre **Frankston Private Hospital site reverted to Peninsula Health **Geelong Private Hospital. Closed: site reverted to Barwon Health **Holmesglen Private Hospital **John Fawkner Private Hospital **Knox Private Hospital **La Trobe Private Hospital **Melbourne Private Hospital **North Eastern Rehabilitation Centre **Northpark Private Hospital **Ringwood Private Hospital **The Geelong Clinic **The Melbourne Clinic **The Victoria Clinic **The Victorian Rehabilitation Centre *

Tasmania Tasmania (; palawa kani: ''Lutruwita'') is an island States and territories of Australia, state of Australia. It is located to the south of the Mainland Australia, Australian mainland, and is separated from it by the Bass Strait. The sta ...

** Hobart Private Hospital **St Helen's Private Hospital (Mental Health facility) *

South Australia South Australia (commonly abbreviated as SA) is a States and territories of Australia, state in the southern central part of Australia. With a total land area of , it is the fourth-largest of Australia's states and territories by area, which in ...

** Adelaide Community Healthcare Alliance *** Ashford Hospital ***Flinders Private Hospital ***The Memorial Hospital **Griffith Rehabilitation Hospital ** Parkwynd Private Hospital. Closed in April 2021 *

Western Australia Western Australia (WA) is the westernmost state of Australia. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to the south, the Northern Territory to the north-east, and South Australia to the south-east. Western Aust ...

**Mount Hospital *

Northern Territory The Northern Territory (abbreviated as NT; known formally as the Northern Territory of Australia and informally as the Territory) is an states and territories of Australia, Australian internal territory in the central and central-northern regi ...

**Darwin Private Hospital

Mental Health Services

Healthscope Hospitals is the largest operator of private inpatient mental health facilities in Australia with 12 hospitals providing care. Healthscope Hospitals provide treatment for mental health issues and for

substance use disorder Substance use disorder (SUD) is the persistent use of drugs despite substantial harm and adverse consequences to self and others. Related terms include ''substance use problems'' and ''problematic drug or alcohol use''. Along with substance-ind ...

s. Healthscope Hospitals offering Mental Health Services
* Brisbane Private Hospital (Brisbane, Qld) * Campbelltown Private Hospital (Campbelltown, NSW) * Northpark Private Hospital (Bundoora, Vic) * Pine Rivers Private Hospital (Strathpine, Qld) * St Helen's Private Hospital (Hobart) * Sydney Southwest Private Hospital (Liverpool, NSW) * The Geelong Clinic (Geelong, Vic) * The Hills Private Hospital (Baulkham Hills, NSW) * The Melbourne Clinic (Richmond, Vic) * The Sydney Clinic (Randwick, NSW) * The Victoria Clinic (Prahran, Vic) * The Darwin Clinic (Darwin, NT) The programs available at Healthscope Hospitals include: * Mood & Anxiety Disorders * Eating Disorders * Addiction Services * Post Traumatic Stress Disorder (PTSD) * Personality Disorders * Aged Psychiatry * Psychosis Obsessive Compulsive Disorder (OCD) * Postnatal Depression * Innovative Treatments for Depression (TMS)

Rehabilitation Services

Healthscope Hospitals offering Rehabilitation Services * Brisbane Private Hospital (Brisbane, Qld) * Campbelltown Private Hospital (Campbelltown, NSW) * Darwin Private Hospital (Darwin, NT) * Dorset Rehabilitation Centre (Pascoe Vale, Vic) * Geelong Private Hospital (Geelong, Vic) * Griffith Rehabilitation Hospital (Hove, SA) * Gold Coast Private Hospital (Southport, Qld) * Hobart Private Hospital (Hobart, Tas) * Hunter Valley Private Hospital (Newcastle, NSW) * Lady Davidson Private Hospital (North Turramurra, NSW) * Mount Hospital (Perth, WA) * National Capital Private Hospital (Canberra, ACT) * Newcastle Private Hospital (Newcastle, NSW) * North Eastern Rehabilitation Centre (Ivanhoe, Vic) * Peninsula Private Hospital (Kippa-Ring, Qld) * Sunnybank Private Hospital (Sunnybank, Qld) * The Hills Private Hospital (Baulkham Hills, NSW) * The Victorian Rehabilitation Centre (Glen Waverley, Vic)

Healthscope Pathology

In July 2015 Healthscope sold its Australian Pathology business to Crescent Capital Partners. Healthscope sold its New Zealand pathology business in August 2020 to NZ Super.

Healthscope Medical Centres

In August 2017, Healthscope sold their Medical Centres division including a portfolio of 43 medical centres, four specialist skin clinics and one specialist breast diagnostic clinic to Fullerton Health Care.

Healthscope Independence Services

Healthscope Independence Services is a provider of unique accommodation, attendant care and in-home services to individuals with acquired brain injuries, other disabilities or complex conditions and others leaving hospital requiring extra support at home. Healthscope Independence Services provides long-term, short-term, transitional and respite options in metropolitan Melbourne, regional Victoria, New South Wales and Darwin in the Northern Territory.

References

External links

*
The web site for the Gribbles Group

{{S&P/ASX 200 Brookfield Corporation Companies based in Melbourne Companies formerly listed on the Australian Securities Exchange Health services companies of Australia 1985 establishments in Australia Caisse de dépôt et placement du Québec companies The Carlyle Group companies