Healthscope
Encyclopedia
Healthscope is an Australian company which operates private hospital
s, a pathology
business and medical centres. The company is headquartered in St. Kilda Road, Melbourne
. The company operates medical/surgical hospitals as well as a number of psychiatric and rehabilitation
clinics. It is one of Australia's largest human, veterinary, commercial and molecular pathology providers, and operates medical centres and specialised skin cancer
clinics around the country.
. The company has since grown mainly through building and acquiring hospitals. It went public on the Australian Stock Exchange in 1994 in order to fund the A$75m acquisition of six hospitals in Adelaide and one in Darwin from SGIC, an insurance company.
During 2004 and 2005 the company underwent a strong growth phase. Healthscope got into the pathology business in late December 2004 with the acquisition of the Gribbles Group, formerly a publicly listed pathology company. In May 2005 it acquired another Australian publicly listed hospital operator, Nova Health. Also in May 2005 the company acquired a Singapore pathology company called Quest. In September 2005 it announced the acquisition of the Affinity group of hospitals. In October 2005 it acquired Primary Care Skin Cancer Clinic Group, a network of skin cancer clinics. And in December 2005 the company acquired the Sydney pathology company Davies Campbell de Lambert.
In Adelaide
Healthscope operates five hospitals - Modbury Public at Modbury
, Parkwynd Private in downtown Adelaide, The Ashford Hospital at Ashford
, Flinders Private at Bedford Park
and The Memorial Hospital in North Adelaide
. Modbury and Parkwynd came into the Healthscope portfolio in the 1994 SGIC deal, while Healthscope has managed Ashford, Flinders and The Memorial since 2003.
In Melbourne Healthscope owns four hospitals - Bellbird Private at Blackburn
(acquired from the receivers in 1994), two hospitals at Bundoora, Northpark Private (acquired from Mayne in November 2001 - this hospital also offers a 33 bed inpatient unit and outpatient psychiatric services) and La Trobe Private (acquired in early 2003), and Knox Private Hospital. (Incorrect: In Melbourne, Healthscope owns and operates the following facilities: Knox Private Hospital, Ringwood Private Hospital, Bellbird Private Hospital, Cotham Private Hospital, Victorian Rehabilitation Centre, Northpark Private Hospital, John Fawkner Private Hospital, Melbourne Private Hospital, Dorset Rehabilitation, North Eastern Rehabilitation, Como Private Hospital, Geelong Private Hospital, The Geelong Clinic, The Melbourne Clinic, Victoria Clinic, Victorian Addiction Centre.
In the Sydney
metropolitan area the company owns the Sydney Southwest at Liverpool
(acquired from the receivers in February 2002) and Mosman Private at Mosman on Sydney's North Shore (acquired from Mayne in 2003). Both facilities also provide psychiatric services. (Incorrect: Healthscope's facilities in NSW are: Brisbane Waters Private Hospital, Campbelltown Private Hospital, Lady Davidson Private Hospital, Mosman Private Hospital, Nepean Private Hospital, Newcastle Private Hospital, Norwest Private Hospital, Prince of Wales Private Hospital, Sydney Southwest Private Hospital, The Hills Private Hospital, The Sydney Clinic.
In Brisbane
Healthscope owns Peninsular Private in Kippa Ring and Pine Rivers Private at Strathpine (both acquired from the same vendor in May 2002 - Pine Rivers Private had formerly been known as Riverview Private) and River City Private at Auchenflower
(a hospital opened by Nova Health in September 2004). The so-called 'Dixon unit' of Pine Rivers Private also provides psychiatric services. Peninsular Private offers various rehabilitation services. (Incorrect: In Qld, Healthscope owns and operates the following facilities: Allamanda Private Hospital, Brisbane Private Hospital, Peninsula Private Hospital, Pine Rivers Private Hospital, Sunnybank Private Hospital.)
On the Queensland
Gold Coast
the company two hospitals at Southport
, Allamanda Private and Pacific Private. Both were acquired in the Nova Health merger.
In Canberra
, Hobart
and Darwin
Healthscope owns, respectively, National Capital Private (acquired from Mayne in 2003), Hobart Private Hospital
(also acquired from Mayne at the same time as National Capital Private) and Darwin Private (acquired in the 1994 SGIC deal). Also Hobart Private Hospital and St Helen's private Hospital in Tasmania.
Outside the major Australian metropolitan areas Healthscope owns Geelong Private at Geelong in southern Victoria
(acquired from Mayne in 2003), Dubbo Private at Dubbo in western New South Wales
(acquired from the U.S. company Sun Healthcare in April 2001), North West Private at Burnie in northern Tasmania
(one of Healthscope's earliest hospitals, having been built by the company in the late 1980s and opened in 1988) and Brisbane Waters Private at Woy Woy on the New South Wales Central Coast (acquired with Nova Health).
In New South Wales Healthscope owns The Sydney Clinic in Bronte
(acquired May 2001) while at Currumbin on the Queensland Gold Coast Heathscope owns The Palm Beach Currumbin Clinic (also acquired from Sun Healthcare in April 2001).
Healthscope offers rehabilitation services at five hospitals - Lady Davidson Private in the Sydney suburb of North Turramurra, Griffith Rehabilitation at Hove in Adelaide (acquired in 1994), and three hospitals in Melbourne - Ivanhoe Private (acquired in February 1999 - this hospital, at Ivanhoe
, also houses a specialist addiction treatment facility called the Victorian Addiction Centre), Olympia Private (Thornbury
, acquired at the same time as Ivanhoe) and the Victorian Rehabilitation Centre (Glen Waverley). NOW OUT OF DATE
In Hobart Healthscope's St Helen's Private Hospital (acquired from Mayne in 2003) provides, in addition to psychological medicine, mother and baby care, and IVF.
- the Allamanda Surgicentre at Southport on the Gold Coast, and Tweed Day Surgery at Tweed Heads in northern New South Wales. Both day surgeries were acquired with Nova Health.
In this deal Healthscope acquired four hospitals in Sydney - the abovementioned Lady Davidson, The Hills Private in Baulkham Hills
, Prince of Wales Private at Randwick
and Nepean Private at Kingswood
.
Most of the acquired Affinity hospitals, however, were located in Melbourne. They were Cotham Private in Kew
, Como Private in Parkdale
, Knox Private in Wantirna
, Melbourne Private in Parkville, John Fawkner Moreland Private in Coburg
, Ringwood Private in East Ringwood
and two Victorian Rehab Centres - that at Glen Waverley as well as another at Pascoe Vale
also known as Dorset Private.
Healthscope also acquired The Mount Hospital in Perth
and Sunnybank Private in the Brisbane suburb of Sunnybank
.
.
Labtests CEO Ulf Lindskog resigned on 14 September, and was replaced by Healthscope's Chief Operating Officer Pathology.
under the stock code HSP. The company completed an Initial Public Offering
in 1994 when it raised A$70 million by issuing 40 million shares at A$1.75 each. Today Healthscope stock is part of the S&P/ASX 200
Index. Bruce Dixon resigned 2010.
It was acquired by The Carlyle Group in 2010.
Private hospital
A private hospital is a hospital owned by a profit company or a non-profit organisation and privately funded through payment for medical services by patients themselves, by insurers, or by foreign embassies. This practice is very common in the United States and Australia...
s, a pathology
Pathology
Pathology is the precise study and diagnosis of disease. The word pathology is from Ancient Greek , pathos, "feeling, suffering"; and , -logia, "the study of". Pathologization, to pathologize, refers to the process of defining a condition or behavior as pathological, e.g. pathological gambling....
business and medical centres. The company is headquartered in St. Kilda Road, Melbourne
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
. The company operates medical/surgical hospitals as well as a number of psychiatric and rehabilitation
Drug rehabilitation
Drug rehabilitation is a term for the processes of medical or psychotherapeutic treatment, for dependency on psychoactive substances such as alcohol, prescription drugs, and so-called street drugs such as cocaine, heroin or amphetamines...
clinics. It is one of Australia's largest human, veterinary, commercial and molecular pathology providers, and operates medical centres and specialised skin cancer
Skin cancer
Skin neoplasms are skin growths with differing causes and varying degrees of malignancy. The three most common malignant skin cancers are basal cell cancer, squamous cell cancer, and melanoma, each of which is named after the type of skin cell from which it arises...
clinics around the country.
History
Healthscope was founded in 1985 to acquire The Melbourne Clinic, a psychiatric facility in the Melbourne suburb of RichmondRichmond, Victoria
Richmond is a suburb in Melbourne, Victoria, Australia, 3 km south-east from Melbourne's central business district. Its Local Government Area is the City of Yarra...
. The company has since grown mainly through building and acquiring hospitals. It went public on the Australian Stock Exchange in 1994 in order to fund the A$75m acquisition of six hospitals in Adelaide and one in Darwin from SGIC, an insurance company.
During 2004 and 2005 the company underwent a strong growth phase. Healthscope got into the pathology business in late December 2004 with the acquisition of the Gribbles Group, formerly a publicly listed pathology company. In May 2005 it acquired another Australian publicly listed hospital operator, Nova Health. Also in May 2005 the company acquired a Singapore pathology company called Quest. In September 2005 it announced the acquisition of the Affinity group of hospitals. In October 2005 it acquired Primary Care Skin Cancer Clinic Group, a network of skin cancer clinics. And in December 2005 the company acquired the Sydney pathology company Davies Campbell de Lambert.
Medical/Surgical Hospitals owned or operated prior to November 2005
Healthscope owns or operates 22 medical/surgical hospitals in AustraliaIn Adelaide
Adelaide
Adelaide is the capital city of South Australia and the fifth-largest city in Australia. Adelaide has an estimated population of more than 1.2 million...
Healthscope operates five hospitals - Modbury Public at Modbury
Modbury
Modbury is a town and parish in the South Hams region of the English county of Devon. It is situated on the A379 road, which links it to Plymouth and Kingsbridge...
, Parkwynd Private in downtown Adelaide, The Ashford Hospital at Ashford
Ashford, South Australia
Ashford is a suburb of Adelaide, in the City of West Torrens. It is triangular in shape and bordered by South Road, Anzac Highway and Everard Avenue. Two of the main features of the suburb are Ashford Hospital and Ashford Special School. Brownhill Creek also flows through Ashford in a cement...
, Flinders Private at Bedford Park
Bedford Park, South Australia
Bedford Park is a southern suburb of Adelaide in South Australia.The Hancock family established a homestead and farm at the foot of the Adelaide Hills in the mid 19th century. A family name from an earlier generation lent its name to the property of Bedford which was later changed to Bedford Park...
and The Memorial Hospital in North Adelaide
North Adelaide
North Adelaide is a predominantly residential precinct of the City of Adelaide in South Australia, situated north of the River Torrens and within the Adelaide Park Lands.-History:...
. Modbury and Parkwynd came into the Healthscope portfolio in the 1994 SGIC deal, while Healthscope has managed Ashford, Flinders and The Memorial since 2003.
In Melbourne Healthscope owns four hospitals - Bellbird Private at Blackburn
Blackburn, Victoria
Blackburn is a suburb in Melbourne, Victoria, Australia, 17 km east from Melbourne's central business district. Its Local Government Area is the City of Whitehorse. At the 2006 Census, Blackburn had a population of 11,958....
(acquired from the receivers in 1994), two hospitals at Bundoora, Northpark Private (acquired from Mayne in November 2001 - this hospital also offers a 33 bed inpatient unit and outpatient psychiatric services) and La Trobe Private (acquired in early 2003), and Knox Private Hospital. (Incorrect: In Melbourne, Healthscope owns and operates the following facilities: Knox Private Hospital, Ringwood Private Hospital, Bellbird Private Hospital, Cotham Private Hospital, Victorian Rehabilitation Centre, Northpark Private Hospital, John Fawkner Private Hospital, Melbourne Private Hospital, Dorset Rehabilitation, North Eastern Rehabilitation, Como Private Hospital, Geelong Private Hospital, The Geelong Clinic, The Melbourne Clinic, Victoria Clinic, Victorian Addiction Centre.
In the Sydney
Sydney
Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
metropolitan area the company owns the Sydney Southwest at Liverpool
Liverpool, New South Wales
Liverpool is a suburb in south-western Sydney, in the state of New South Wales, Australia. Liverpool is located 32 km south-west of the Sydney central business district, and is the administrative centre of the local government area of the City of Liverpool...
(acquired from the receivers in February 2002) and Mosman Private at Mosman on Sydney's North Shore (acquired from Mayne in 2003). Both facilities also provide psychiatric services. (Incorrect: Healthscope's facilities in NSW are: Brisbane Waters Private Hospital, Campbelltown Private Hospital, Lady Davidson Private Hospital, Mosman Private Hospital, Nepean Private Hospital, Newcastle Private Hospital, Norwest Private Hospital, Prince of Wales Private Hospital, Sydney Southwest Private Hospital, The Hills Private Hospital, The Sydney Clinic.
In Brisbane
Brisbane
Brisbane is the capital and most populous city in the Australian state of Queensland and the third most populous city in Australia. Brisbane's metropolitan area has a population of over 2 million, and the South East Queensland urban conurbation, centred around Brisbane, encompasses a population of...
Healthscope owns Peninsular Private in Kippa Ring and Pine Rivers Private at Strathpine (both acquired from the same vendor in May 2002 - Pine Rivers Private had formerly been known as Riverview Private) and River City Private at Auchenflower
Auchenflower, Queensland
Auchenflower is an inner suburb of Brisbane, Queensland, Australia located 2.5 km west of the Brisbane CBD bordering the Brisbane River.-History:Between 1900 and 1962 Auchenflower was served by trams running along Milton Road from Toowong...
(a hospital opened by Nova Health in September 2004). The so-called 'Dixon unit' of Pine Rivers Private also provides psychiatric services. Peninsular Private offers various rehabilitation services. (Incorrect: In Qld, Healthscope owns and operates the following facilities: Allamanda Private Hospital, Brisbane Private Hospital, Peninsula Private Hospital, Pine Rivers Private Hospital, Sunnybank Private Hospital.)
On the Queensland
Queensland
Queensland is a state of Australia, occupying the north-eastern section of the mainland continent. It is bordered by the Northern Territory, South Australia and New South Wales to the west, south-west and south respectively. To the east, Queensland is bordered by the Coral Sea and Pacific Ocean...
Gold Coast
Gold Coast, Queensland
Gold Coast is a coastal city of Australia located in South East Queensland, 94km south of the state capital Brisbane. With a population approximately 540,000 in 2010, it is the second most populous city in the state, the sixth most populous city in the country, and also the most populous...
the company two hospitals at Southport
Southport, Queensland
-Sport:The Southport Sharks Australian rules football club has a presence in the area, including a club and function centre.-Transport:The Broadwaterway is a foreshoreway that encourages pedestrians and cyclists to travel along the Broadwater foreshores of Southport.A ferry terminal is planned for...
, Allamanda Private and Pacific Private. Both were acquired in the Nova Health merger.
In Canberra
Canberra
Canberra is the capital city of Australia. With a population of over 345,000, it is Australia's largest inland city and the eighth-largest city overall. The city is located at the northern end of the Australian Capital Territory , south-west of Sydney, and north-east of Melbourne...
, Hobart
Hobart
Hobart is the state capital and most populous city of the Australian island state of Tasmania. Founded in 1804 as a penal colony,Hobart is Australia's second oldest capital city after Sydney. In 2009, the city had a greater area population of approximately 212,019. A resident of Hobart is known as...
and Darwin
Darwin, Northern Territory
Darwin is the capital city of the Northern Territory, Australia. Situated on the Timor Sea, Darwin has a population of 127,500, making it by far the largest and most populated city in the sparsely populated Northern Territory, but the least populous of all Australia's capital cities...
Healthscope owns, respectively, National Capital Private (acquired from Mayne in 2003), Hobart Private Hospital
Hobart Private Hospital
The Hobart Private Hospital was established in 1999 following the Government of Tasmania's decision to privatise the Queen Alexandria maternity wing attached to the Royal Hobart Hospital...
(also acquired from Mayne at the same time as National Capital Private) and Darwin Private (acquired in the 1994 SGIC deal). Also Hobart Private Hospital and St Helen's private Hospital in Tasmania.
Outside the major Australian metropolitan areas Healthscope owns Geelong Private at Geelong in southern Victoria
Victoria (Australia)
Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales, South Australia, and Tasmania on Boundary Islet to the north, west and south respectively....
(acquired from Mayne in 2003), Dubbo Private at Dubbo in western New South Wales
New South Wales
New South Wales is a state of :Australia, located in the east of the country. It is bordered by Queensland, Victoria and South Australia to the north, south and west respectively. To the east, the state is bordered by the Tasman Sea, which forms part of the Pacific Ocean. New South Wales...
(acquired from the U.S. company Sun Healthcare in April 2001), North West Private at Burnie in northern Tasmania
Tasmania
Tasmania is an Australian island and state. It is south of the continent, separated by Bass Strait. The state includes the island of Tasmania—the 26th largest island in the world—and the surrounding islands. The state has a population of 507,626 , of whom almost half reside in the greater Hobart...
(one of Healthscope's earliest hospitals, having been built by the company in the late 1980s and opened in 1988) and Brisbane Waters Private at Woy Woy on the New South Wales Central Coast (acquired with Nova Health).
Specialist Hospitals and Clinics
Healthscope owns or operates three psychiatric clinics in Victoria - The Melbourne Clinic as well as The Geelong Clinic in St Albans Park (acquired in 1986 - originally this was the Bellarine Private Hospital and became The Geelong Clinic in the late 1990s) and The Victoria Clinic in Prahran (which had originally been Victoria House until acquired by Healthscope in 2001). Northpark Private Hospital (Bundoora) has also recently expanded psychiatry to a 33 bed inpatient unit, and expanding day patient services.In New South Wales Healthscope owns The Sydney Clinic in Bronte
Bronte, New South Wales
Bronte is a beachside suburb of Sydney, in the state of New South Wales, Australia. Bronte is located 8 kilometres east of the Sydney central business district, in the Waverley Council local government area of the Eastern Suburbs....
(acquired May 2001) while at Currumbin on the Queensland Gold Coast Heathscope owns The Palm Beach Currumbin Clinic (also acquired from Sun Healthcare in April 2001).
Healthscope offers rehabilitation services at five hospitals - Lady Davidson Private in the Sydney suburb of North Turramurra, Griffith Rehabilitation at Hove in Adelaide (acquired in 1994), and three hospitals in Melbourne - Ivanhoe Private (acquired in February 1999 - this hospital, at Ivanhoe
Ivanhoe, Victoria
Ivanhoe is a suburb in Melbourne, Victoria, Australia, 10 km north-east from Melbourne's central business district. Its Local Government Area is the City of Banyule. At the 2006 Census, Ivanhoe had a population of 10,600.-History:...
, also houses a specialist addiction treatment facility called the Victorian Addiction Centre), Olympia Private (Thornbury
Thornbury, Victoria
Thornbury originalSince the 1960s, the vast majority of Melburnians pronounce the name phonetically. The 'h' is no longer silent, and there is more stress placed upon the 'o'. pronunciation is a suburb in Melbourne, Victoria, Australia, 7 km north from Melbourne's central business district....
, acquired at the same time as Ivanhoe) and the Victorian Rehabilitation Centre (Glen Waverley). NOW OUT OF DATE
In Hobart Healthscope's St Helen's Private Hospital (acquired from Mayne in 2003) provides, in addition to psychological medicine, mother and baby care, and IVF.
Day surgeries
Healthscope owns two day surgeriesOutpatient surgery
Outpatient surgery, also known as ambulatory surgery, same-day surgery or day surgery, is surgery that does not require an overnight hospital stay. The term “outpatient” arises from the fact that surgery patients may go home and do not need an overnight hospital bed...
- the Allamanda Surgicentre at Southport on the Gold Coast, and Tweed Day Surgery at Tweed Heads in northern New South Wales. Both day surgeries were acquired with Nova Health.
The Affinity hospitals
In 2005 Ramsay Health Care, a competing private hospital operator, bought a suite of hospitals from Mayne that operated under the 'Affinity' brand. Competition regulators forced the divestment of some of these hospitals and Healthscope bought 14 of them in November 2005.In this deal Healthscope acquired four hospitals in Sydney - the abovementioned Lady Davidson, The Hills Private in Baulkham Hills
Baulkham Hills, New South Wales
Baulkham Hills is a suburb in the north-west of Sydney, in the state of New South Wales, Australia. Baulkham Hills is located 31 kilometres north-west of the Sydney central business district in the local government area of The Hills Shire...
, Prince of Wales Private at Randwick
Randwick, New South Wales
Randwick is a suburb in south-eastern Sydney, in the state of New South Wales, Australia. Randwick is located 6 kilometres south-east of the Sydney central business district and is the administrative centre for the local government area of the City of Randwick...
and Nepean Private at Kingswood
Kingswood, New South Wales
Kingswood is a suburb in western Sydney, in the state of New South Wales Australia. Kingswood is located 49 kilometres west of the Sydney central business district, in the local government area of the City of Penrith...
.
Most of the acquired Affinity hospitals, however, were located in Melbourne. They were Cotham Private in Kew
Kew, Victoria
Kew is a suburb in Melbourne, Victoria, Australia, 6 km east from Melbourne's central business district. Its Local Government Area is the City of Boroondara. At the 2006 Census, Kew had a population of 22,516....
, Como Private in Parkdale
Parkdale, Victoria
Parkdale is a suburb in Melbourne, Victoria, Australia, 23 km south-east from Melbourne's central business district. Its Local Government Area is the City of Kingston...
, Knox Private in Wantirna
Wantirna, Victoria
Wantirna is a suburb in Melbourne, Victoria, Australia, 23 km east from Melbourne's central business district. Its Local Government Area is the City of Knox. At the 2006 Census, Wantirna had a population of 13,978....
, Melbourne Private in Parkville, John Fawkner Moreland Private in Coburg
Coburg, Victoria
Coburg is a suburb in Melbourne, Victoria, Australia, 8 km north from Melbourne's central business district. Its Local Government Area is the City of Moreland, although a handful of properties on Coburg's Eastern boundary are located in the City of Darebin...
, Ringwood Private in East Ringwood
Ringwood East, Victoria
Ringwood East is a suburb in Melbourne, Victoria, Australia, 25 km east from Melbourne's central business district. Its Local Government Area is the City of Maroondah...
and two Victorian Rehab Centres - that at Glen Waverley as well as another at Pascoe Vale
Pascoe Vale, Victoria
Pascoe Vale is a western suburb of Melbourne, Victoria, Australia, 10 km north from Melbourne's central business district. Its Local Government Area is the City of Moreland. At the 2006 Census, Pascoe Vale had a population of 13,558.- History :...
also known as Dorset Private.
Healthscope also acquired The Mount Hospital in Perth
Perth, Western Australia
Perth is the capital and largest city of the Australian state of Western Australia and the fourth most populous city in Australia. The Perth metropolitan area has an estimated population of almost 1,700,000....
and Sunnybank Private in the Brisbane suburb of Sunnybank
Sunnybank, Queensland
Sunnybank is now a suburb in Brisbane, Queensland, Australia much reduced in size from the previous suburb of Sunnybank. The separate Town of Sunnybank was absorbed into the City of Brisbane. This older Sunnybank area is still known locally as Sunnybank...
.
Recent acquisitions
In April 2006 Healthscope acquired Newcastle Private Hospital in the New South Wales city of NewcastleNewcastle, New South Wales
The Newcastle metropolitan area is the second most populated area in the Australian state of New South Wales and includes most of the Newcastle and Lake Macquarie Local Government Areas...
.
Labtests
In September 2009, Healthscope's fully owned subsidiary Labtests completed its taking over of the Auckland Regional community pathology testing contract. Concerns over the accuracy and timely reporting of pathology results surfaced shortly afterwards. On Sunday 13 September, the Auckland District Health Board summoned Healthscope executives to Auckland for an urgent meeting, and later that day announced that pursuant to the terms of its $560 million contract, that from Monday 14 September the ADHB would be installing its own team of six senior managers into Labtests to oversee quality and control. Under the terms of the contract, the cost of this intervention is to be paid for by Labtests.Labtests CEO Ulf Lindskog resigned on 14 September, and was replaced by Healthscope's Chief Operating Officer Pathology.
Management
Healthscope's CEO is Bruce Dixon, who joined the company in 1997. He was previously head of a division of the Spotless Group. The company's Chairman is Kevin McCann, a lawyer. Kevin McCann retires at the end of 2007 after 14 years with Healthscope, and the position of Chair will be taken up by Linda Nicholls. Ms. Nicholls was appointed to the Healthscope Board in 2000 and currently holds the position of Deputy Chair and is a member of the Audit Compliance and Risk Assurance Committee. She is the corporate advisor and director of a number of other leading Australian companies and organisations and has more than 30 years experience as a senior executive and company director in the insurance and financial services industries in Australia, NZ and USA.Ownership
Healthscope was a public company whose stock was traded on the Australian Stock ExchangeAustralian Stock Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....
under the stock code HSP. The company completed an Initial Public Offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
in 1994 when it raised A$70 million by issuing 40 million shares at A$1.75 each. Today Healthscope stock is part of the S&P/ASX 200
S&P/ASX 200
The S&P/ASX 200 index is a market-capitalization weighted and float-adjusted stock market index of Australian stocks listed on the Australian Securities Exchange from Standard & Poor's...
Index. Bruce Dixon resigned 2010.
It was acquired by The Carlyle Group in 2010.