Calvary completes Adelaide hospital acquisitions
Little Company of Mary (LCM) Health Care, which operates the Calvary hospital, aged and community care services, last Friday completed acquisition of three Adelaide hospitals from Ramsay Health Care.
In a deal reportedly worth $34.5 million, the three hospitals become a part of Calvary Health Care Adelaide and have been "rebranded." The acquisition makes Calvary one of the biggest private health care groups in South Australia.
The hospitals are: Calvary Wakefield Hospital, a 180-bed high acuity medical and surgical facility; Calvary Central Districts Hospital, a 79-bed medical and surgical hospital in Elizabeth Vale; and Calvary College Grove Rehabilitation Hospital, a 65-bed "state of the art" rehabilitation hospital.
The existing Calvary Hospital in Adelaide, which was established by the Sisters of the Little Company of Mary in 1900, has been renamed Calvary North Adelaide Hospital.
LCM Health Care National Chief Executive Officer David Butt said that the acquisition means that Calvary Health Care Adelaide will operate almost 500 beds in the Adelaide market.
Mr Butt said the acquisition secured the future for Wakefield, Central Districts and College Grove hospitals which will operate as part of a network of services to the community.
"We have a well established commitment to South Australia and a proud history of serving the Adelaide community," Mr Butt said.
"Just as we have demonstrated with Calvary in North Adelaide we are committed to sustaining and growing our services for the long term. With this acquisition now completed, we will now focus on ensuring Calvary Health Care Adelaide operates as four hospitals working together, in partnership with our Adelaide home care services, to best meet the needs of the communities and individuals we serve."
LCM Health Care also operates public and private hospitals, hospices and community, home care and aged care services in NSW, ACT, Tasmania and Victoria.
Calvary completes Adelaide hospital acquisitions (LCM Healthcare 26/5/06)
LINKS (not necessarily endorsed by Church Resources)
Calvary Health Care Adelaide
Three more hospitals for Calvary Adelaide (CathNews 28/3/06)
29 May 2006