Private operator sells Australian medical centres business with aid from Allens, HSF

The healthcare company sold its entire network to a Singapore-based company

Private operator sells Australian medical centres business with aid from Allens, HSF
Two top firms acted as an Australian private healthcare operator sold its network of standalone medical centres business to a Singapore-based company.

Healthscope Limited, which was advised by Allens, sold its 43 medical centres, four specialist skin clinics, and a breast cancer diagnostic clinic, to Fullerton Health, which was advised by Herbert Smith Freehills (HSF).

“Australia's healthcare sector continues to attract significant private investment interest, particularly from Asia. And with increasing healthcare needs in Australia, there is little sign of this sector dynamic changing,” said Emin Altiparmak, lead partner of the Allens team. “The shifting regulatory sands in this sector have not dissuaded strategic or financial investors from pursuing investment opportunities, and what we're seeing in this deal is a recognition of the increasing role played by medical centres in our healthcare ecosystem.”

The Allens legal team also included partner Fiona Crosbie, managing associate Annabelle Aland, senior associates Jonathan Hoe and Amanda Richman, associate Julian Holland, and graduate Kate Buchanan.

The HSF team was led by partner Natalie Bryce, who was assisted by solicitor Sarah Dean.


Related stories:
Aussie team advises on major anti-cancer drug royalty deal
Transpacific private equity tag team taps top firms in drug developer buy

Recent articles & video

Data privacy laws impact orgs in Australia across the board: report

Keypoint Law secures IP expert as newest consulting principal

MinterEllison lends a hand to Freight Management Holdings on Border Express acquisition

Law Squared appoints new in-house legal specialist

Shine Lawyers files Federal Court class action against Aussie Home Loans

Most Influential Lawyers 2024 now open for nominations

Most Read Articles

HSF graduate solicitor: 'We can provide so much value by doing the simple things right'

Bird & Bird flies off with International Tennis Federation executive director

Ashurst debuts infrastructure, places and capital projects advisory offering

Baker McKenzie alum jumps to Clayton Utz