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Nexus Hospitals acquires Montserrat Day Hospitals
Nexus Hospitals acquires Montserrat Day Hospitals creating the largest short-stay hospital platform in Australia.
Nexus Hospitals (Nexus) has acquired Montserrat Day Hospitals (Montserrat), to create the largest short-stay hospital platform in Australia.
Following this acquisition, Nexus Hospitals will operate a portfolio of 29 short-stay hospitals across Australia and continue to deliver efficient and more affordable access to non-emergency elective surgery for Australians.
Andrew Petering, CEO of Nexus Hospitals, said Montserrat provides an important expansion to their national platform of high quality surgical facilities delivering exceptional care for patients in a boutique and efficient setting.
“Both groups offer important benefits to each other in sharing best practice initiatives and procurement synergies,” Mr Petering said.
“Montserrat’s strong patient focus aligns well with Nexus Hospitals’ core values. We look forward to the scale and depth that the combined businesses will provide for our patients and the overall Australian healthcare system through the ongoing delivery of affordable healthcare services with excellent clinical outcomes and patient experiences,” he said.
The acquisition builds on QIC Infrastructure’s 2019 investment in Nexus Hospitals, a leading Australian short-stay hospital platform, and actively demonstrates the execution of a sector centric, thematic-based investment strategy, of which healthcare is a core focus.
QIC’s Head of Global Infrastructure, Mr Ross Israel said the acquisition of Montserrat aligns with several megatrends driving robust growth in demand for healthcare services globally, including aging populations, increasing healthcare spend and focus on quality of life.
“These megatrends in healthcare have driven strong historic volume increases in short-stay hospital together with ongoing technological and clinical developments which will enable more procedures to be safely performed in these settings. In addition, short-stay hospitals are more affordable and efficient for patients and payors, and a viable solution to the growing elective surgery backlogs across the broader Australian public healthcare system,” he said.
Nexus Hospitals continues to seek high quality opportunities to grow its business through further acquisitions and greenfield developments of short-stay hospital facilities.
“We believe this will further position Nexus Hospitals at the forefront of structural change in the industry and to deliver more affordable, high quality healthcare outcomes to Australians,” Mr Israel said.
8th December 2022
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