Three more hospitals for Calvary Adelaide
Little Company of Mary Health Care now owns four of Adelaide's private hospitals, encompassing almost 500 private hospital beds and 900 staff in a deal worth $34.5 million.
The Little Company of Mary (LCM) Health Care, which established Calvary Hospital in North Adelaide in 1900, has purchased three hospitals in Adelaide from Ramsay Health Care.
The hospitals now owned by LCM Health Care are: Central Districts Private Hospital in Elizabeth Vale, the College Grove Rehabilitation Hospital in Walkerville and Wakefield Private Hospital in the city from Ramsay Healthcare.
LCM health national chief executive David Butt said yesterday that acquisition of the three hospitals considerably strengthens Calvary's position in the Adelaide market.
"Acquisition of these hospitals creates an opportunity to expand our health care services in accordance with our mission and values, and to develop a network of high quality services in Adelaide, and in South Australia more broadly," Mr Butt said.
"This acquisition means that Calvary will no longer be operating as our only hospital in Adelaide but rather as a part of a network of services to the community.
He said that combined with the February acquisition of HCS Home Care Services in Adelaide, LCM patients and clients can look forward to "more comprehensive, integrated services". Mr Butt said the acquisition also provides certainty to the community and to staff and doctors about the future for Wakefield, Central Districts and College Grove hospitals.
"These hospitals have undergone a number of changes in ownership in recent years, and the uncertainty that this brings will be ended by our acquisition.
"We have a well established commitment to South Australia and a proud history of serving the Adelaide community, and just as we have demonstrated with Calvary in North Adelaide we are committed to sustaining and growing our services for the long term," he said.
Combined with Calvary, the acquisition brings the number of hospital beds under the company's control to almost 500. The move makes it one of the biggest private health care groups in SA, along with Healthscope Limited, which owns Ashfield, Flinders and Memorial Private Hospitals.
Calvary owner adds three more hospitals (The Advertiser 28/3/06)
Calvary acquires three Adelaide hospitals (LCM Healthcare 27/3/06)
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28 Mar 2006