QIC has purchased a chain of short-stay hospitals from the Healius group for up to A$138.6m (€89m).
Montserrat Day Hospitals is a portfolio of eight hospitals and three haematology and oncology clinics located in Queensland, New South Wales and Western Australia.
QIC has owned Nexus Hospitals since 2019, and, with the latest acquisition, will own the largest short-stay hospital platform in Australia, with 29 hospitals.
QIC’s head of global infrastructure, Ross Israel, said there were several forces driving demand for healthcare services globally, including ageing populations, increasing healthcare spend and focus on quality of life.
“These mega-trends in healthcare have driven strong historic volume increases in short-stay hospitals, together with ongoing technological and clinical developments which will enable more procedures to be safely performed in these settings,” he said.
Short-stay hospitals can be more affordable and efficient for patients, Isreal said, and a viable solution to growing elective surgery backlogs across the broader Australian public healthcare system.
“We believe this acquisition will further position Nexus at the forefront of structural change in the industry to deliver more affordable, high-quality healthcare outcomes to Australians,” Israel said.
Andrew Petering, CEO of Nexus, said Montserrat provided an important expansion to the Nexus national platform of high-quality surgical facilities, delivering exceptional care for patients in a boutique and efficient setting.
“Both groups offer important benefits to each other in sharing best practice initiatives and procurement synergies,” Petering said.
Healius acquired Montserrat in 2018 for A$122m.