Australian health care firms eye Asia for growth
11-Sep-15, The Australian
Ageing populations across Asia provide a huge opportunity for Australian health care operators to export their skills to the region, and the country’s third-largest hospital operator, which is set to be put up for sale, says it could work well with a Chinese owner.
%20The%20Australian.jpg "Australian health care firms eye Asia for growth (c) The Australian")
Image: The Australian
Australia’s third-largest for-profit hospital operator, Healthe Care, and cardiac testing firm Cardioscan, both owned by private equity firms, say that a tough operating environment in Australia with tight margins means that successful operators could expand more profitably overseas.
“If you can make a business work well in Australia, there are great prospects for you to export that business model to other markets,” Cardioscan’s chairman Jeremy Steele said.