HealthCo Healthcare and Wellness REIT's (ASX:HCW) tenant Healthscope has entered receivership after lenders to its owner, private equity firm Brookfield, appointed McGrathNicol to oversee a sale process, multiple media outlets reported Monday, citing the company.
Despite the move, Healthscope's 37 hospitals will continue to operate as normal, the reports said.
The business has received an additional A$100 million in funding from Commonwealth Bank of Australia (ASX:CBA) to support operations, the reports added.
KordaMentha has been appointed to represent Brookfield during the receivership.
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