Westpac and Commonwealth Bank have agreed to keep Healthscope’s 38 private hospitals afloat as the company slides into administration after failing to convince lenders to keep it operating.
People close to the discussions over the future of the country’s second-largest private hospital operator said CBA would contribute $100 million in new funding to keep the medical facilities open. Westpac has separately agreed to provide working capital to allow receivers to sell the business.
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