The Caisse de dépôt et placement du Québec, alongside Brookfield Business Partners and its institutional partners, is co-investing in the acquisition of Healthscope Ltd., a private hospital operator in Australia and a pathology services provider in New Zealand.

The Caisse will invest more than A$300 million and will hold a significant minority stake in Healthscope.

Read: Caisse rounds out 2018 with 4.2% return

The organization provides a range of multi-disciplinary health-care services, including acute care, rehabilitation and mental-health care across 43 private hospitals in Australia. It also operates 24 pathology laboratories across New Zealand.

“We are delighted to support Healthscope, a world-class health-care provider, in expanding its clinical care offering,” said Stephane Etroy, executive vice-president and head of private equity at the Caisse, in a press release. “This is an opportunity for CDPQ to invest in the Australian health-care sector and support a company that provides essential services to the benefit of the communities.”

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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