Healius Limited (ASX:HLS) is understood to have reached a deal to sell its day hospital business to QIC Limited (Queensland Investment Corporation) for more than $140 million. It is understood that QIC will secure the entire portfolio with the exception of a development site in Western Australia. Binding bids for the business were due in October 2022 in the final stages the contest, which that had come down to a battle between QIC and
Fresenius SE & Co. KGaA (XTRA:FRE), which owns the Cura Day Hospital Group. Gresham has been working on the sale process for the business, which had been expected to fetch between $140 million and $160 million. QIC owns Nexus Day Hospitals, a significant industry player in Australia. Day clinics drive down costs for both patients and healthcare providers at a time when finding healthcare staff - particularly nurses - is challenging for the industry.