Tag: Healthscope

Saving the Deal: cover-up over Northern Beaches Hospital sale to the Caribbean – Michael West

Presumably, the PR game-plan is to discredit the story – it’s a bit complex – as the work of a “blogger” who has his facts wrong. This is what PR does. Indeed it is also what sources in parliament have confirmed. They need to shut the story down, keep it out of the mainstream media, push it through the FIRB (foreign investment) approval process before the election.

https://www.michaelwest.com.au/companies/tax-dodgers/healthscope-ltd-2019/embed/#?secret=ylbs8x01x3

Nothing yet. The main answers are likely to be that the hospital (the bricks and mortar) are not being sold but the future cashflows of the hospital – that is the profits from the patients and health funds – are being sold.Further, the real cost of the transaction is likely to be much higher. It is in the public domain that the hospital cost $600 million to build and there were a further $400 million in costs from roadwork which were borne by the department Roads and Maritime Services.Then there is the $2.1 billion “total payments to the private operator” figure which was confirmed by the former Health Minister. What is this figure? What does it mean? Will the real cost of the transaction be far higher once this business ends up in the Caribbean?

via Saving the Deal: cover-up over Northern Beaches Hospital sale to the Caribbean – Michael West