12/10/2021

Gilbert + Tobin is pleased to have advised Pacific Equity Partners (PEP) on the financing aspects for its acquisition of Healthe Care’s surgical hospitals portfolio from China's Luye Medical Group.

Healthe Care’s surgical hospitals portfolio consists of 19 private healthcare facilities in Australia and New Zealand and is regarded as one of the leading operators of surgical hospitals and day surgery centres in the region. The facilities concentrate on complex and specialised work, including high acuity procedures, orthopaedics, cardiology, urology, ophthalmology, endoscopy and other specialist services.

The financing was provided by ANZ, Deutsche Bank, Metrics and NAB.

G+T’s team was led by Banking + Projects partners John Schembri and Spiro Papadolias with assistance from lawyer Corrie Eames.

Commenting on the transaction John and Spiro said “We are delighted to have assisted our long-time client Pacific Equity Partners on this financing. There was no shortage of demand from banks and institutions to provide financing to PEP for this acquisition; showing the depth of innovative financing solutions available in the Australasian market. The acquisition of Healthe Care’s surgical portfolio will complement PEP’s existing portfolio of investments and we look forward to seeing the growth and development of the portfolio under PEP’s ownership and guidance.”

Gilbert + Tobin is a leading legal advisor to private equity firms in Australia and has worked with PEP across a number of corporate and financing deals.

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