Australia's leading independent law firm, Corrs Chambers Westgarth, has advised Medibank Health Solutions Pty Limited (Medibank) on its acquisition of a 49% stake in East Sydney Private Hospital Pty Ltd (the Company), a company that operates a boutique day hospital for elective surgery in Sydney's eastern suburbs.
This is a strategic acquisition for Medibank, one of Australia's leading private health insurers. Corrs advised Medibank on all legal aspects of the transaction, from the structuring and due diligence to completion of the transaction.
Corrs drew on the expertise of partners across the firm, including Sandy Mak (Corporate), Robert Clarke (Corporate), Mark McCowan (Competition), Nathaniel Popelianski (Property and Real Estate) and Rommel Harding-Farrenberg (Banking and Finance).
Corrs lead Partner on the matter Sandy Mak, said: "Corrs is excited to have partnered with Medibank on its investment in East Sydney Day Hospital. This strategic transaction for Medibank will offer greater flexibility to doctors and patients in the delivery of health care."