06.07.2012 - Australia: Private equity's healthy interest in health-care sector
Like many other developed countries, Australia faces an aging population, more obesity and higher cancer rates, and is spending more to tackle those problems. The government spent $5,479 per person on health care in the fiscal year that ended June 30, 2010, the latest figures available, up from $4,710 four years earlier. That money is flowing to a wide range of health-care providers as the government turns to private companies to treat patients under Australia’s Medicare system. Genesis Care operates services for cancer and cardiovascular diseases in state-funded and private hospitals and seeks to benefit from the increased government spending. It plans to open more private clinics that offer quick access to treatment. ..............................................Full Article: Source
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