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Private Equity Group Carlyle Buys Australian Hospital Company and Brazilian Health Insurance Company

Posted Jul 19 2010 2:34pm

Just last week the Carlyle Group sold Multi-Plan to 2 other private equity firms, no wonder have problems keep track of who owns who today.  image

In addition, Tenet was also looking at buying Healthscope from Australia and they may have lost out in the bidding war here. 

From Wikipedia:

“Healthscope is an Australian company which also operates private hospitals, a pathology business and medical centers. The company is headquartered in Melbourne in St. Kilda Road, Melbourne. The company operates medical/surgical hospitals as well as a number of psychiatric and rehabilitation clinics. It is one of Australia's largest human, veterinary, commercial and molecular pathology providers, and operates medical centers and specialized skin cancer clinics around the country.”

More about the MultiPlan buyout at the link below, and keep notice of the health insurance tie in here as they sell and market for United. 

From the MultiPlan Website:

“Founded in 1980, MultiPlan is the nation's oldest and largest supplier of independent, network-based cost management solutions. With more than half a million healthcare providers under contract, an estimated 40 million consumers accessing our network products, and some 70 million claims processed through our networks each year, we're the right choice for healthcare payers and providers, who today face unprecedented cost and competitive pressures.

Qualicorp manages private health insurance plans in Brazil, which Carlyle has targeted because of increased disposable income in the country's middle image class. That growing wealth has led many middle-class consumers in Brazil to seek to augment their government health-care plans with private coverage.

In short, the group sold one American company and bought 2 international healthcare companies, here and one other in the Netherlands.   In Brazil the middle class still has some disposable income so thus purchasing the insurance company and income is what we are running short on here in the US.  BD

The Carlyle Group announced two globe-spanning, health-related deals Monday, one in Australia and the second in Brazil, as the District-based private equity firm continues to be one of the most active in the buyout business. 

Carlyle and fellow private equity giant TPG won a bidding war for Australia's Healthscope, a big player in that country's hospital sector, over rival Kohlberg Kravis Roberts in a deal that valued the health-care company at $2.35 billion.

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