HMC Capital drops amid talks on Healthscope hospitals
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More news: Shares in David Di Pilla's HMC Capital were almost 7% lower in early afternoon trade after the asset manager said it was getting closer to finding a new tenant for its 11 Healthscope hospitals.
HMC is readying its private equity arm to conduct a buyout of the hospitals operated by Healthscope, which is struggling under debt.
HMC Capital in 'advanced talks' to re-tenant Healthscope hospitals
The news: HMC Capital says it is getting closer to finding a new tenant for its 11 Healthscope hospitals, as it looks to resolve the long-running saga between its Healthcare and Wellness REIT that owns the hospitals and Healthscope, which operates them and is struggling under debt.
What they said: "Advanced discussions have continued with multiple alternative hospital operators to re-tenant the HCW/UHF facilities," HMC said in an update to the market, confirming Healthscope had paid rent for March and April.
"Based on recent media reports, it is considered possible that Healthscope may soon enter into receivership or administration if its lenders do not agree to an extension of the current forebearance period."
The context: Healthscope's troubles have sent HMC into action, readying its private equity arm to conduct a buyout of the hospitals and testing interest from other hospital operators, including Ramsay Healthcare and St John of God.
The source: ASX
