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Australia: Private equity’s healthy interest in health-care sector

Posted on 06 July 2012

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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