Chinese operator buys up Aussie hospitals

Chinese owned Healthe Care has boosted its portfolio of Australian hospitals to 21 after doing a $53 million deal for three hospitals in the Illawarra region of NSW. Chinese owned private hospital operator Healthe Care has bought three NSW hospitals for $53 million while it continues to negotiate a takeover of another health care operator….

Indian company looking to sell breast milk to Australia

In some countries a litre of breast milk can sell for hundreds of dollars and while it’s not commercially available in Australia, it could be soon. Indian company NeoLacta Lifesciences was last year granted permission to start importing breast milk to Australia. Dr Ben Hartmann, from PREM bank at Perth’s King Edward Memorial Hospital, said…

Bega private hospital sold to Chinese-owned health operator

Bega Valley Private Hospital has new corporate owners after a deal worth $155million was announced early Wednesday. Healthe Care Australia, the country’s third largest corporate private hospital operator, confirmed the acquisition of Pulse Health’s 13 hospital portfolio. This includes the private medical and day surgery facility in Bega. The Pulse acquisition follows Healthe Care’s April…

What Chinese are buying in Australia

THE Chinese continue to pour money into Australian businesses, infrastructure, resources and real estate to the tune of $15.36 billion in 2016. The figure is the highest it’s been since 2008 when Chinese direct investment reached its peak of $21.6 billion, according to a report from KPMG and the University of Sydney. Commercial real estate…

Chinese investment is at the highest levels since the GFC.

Chinese investment in Australia has reached the highest level since the global financial crisis (GFC), up 12 per cent from 2015 to $15.4 billion last year. A new report from Sydney University and accounting firm KPMG found a record 103 deals were signed between Chinese and Australian companies in 2016. But the annual report, Demystifying…

Proposed Phillip Island cancer facility to target Chinese visitors

Phillip Island could become a destination for Asian tourists jetting in to seek cancer treatment. A major proposal is afoot to build an international radiation, oncology and chemotherapy treatment centre, complete with 72-bed luxury accommodation and possible golf course. More than a million visitors flock to Phillip Island each year, with the penguin parade a…

Three Illawarra hospitals will be sold to Chinese-owned health operater

Three Illawarra private hospitals will be sold to a Chinese-owned health operator, in a transaction believed to be worth more than $50 million. Evolution Healthcare has agreed to sell Wollongong Day Surgery, Shellharbour Private Hospital and South Coast Private Hospital to Healthe Care.  In a memo to hospital staff last Friday, Evolution’s managing director Ben…

Chinese factory caught recycling used nappies to make new ones

Chinese factory caught recycling used nappies to make new onesMachines were ripping cotton from the used nappies to manufacture new nappies. Disgusting scenes and horrible stenches have given away a Chinese factory’s illegal practice of recycling used nappies to make new ones. The secret factory located in Linyi City, in China’s eastern Shandong Province, was…

Australia’s population big boom theory 

AUSTRALIA is adding a new Darwin every 20 weeks in a population surge that is set to impact household wealth, lifestyles and home prices.Projections by the Australian Bureau of Statistics put the nation’s population at 40 million within the next 40 years, more than double what it was just a decade ago. And the strongest…

Fake doctor worked in NSW hospitals for 11 years 

 A man is facing a $30,000 fine after allegedly masquerading as a doctor at New South Wales hospitals for 11 years. Shyam Acharya is accused of stealing a doctor’s name and medical qualifications while in India before moving to Australia and becoming a citizen. To find work in Australia, he allegedly used fraudulent documents to…

Private donor pays $900k to fix leaking public hospital roof in SA

A public hospital in country South Australia has been forced to rely upon a private donor to fix a badly leaking roof after the State Government ignored repeated requests to replace it. David Senior from Kingston Soldiers’ Memorial Hospital in the state’s south-east said the roof had been a problem for some time. “Several years…

Nurse graduates ‘locked out’ of workforce as migrants get jobs

Australian-trained nurses and midwives are being locked out of the workforce as hospitals hire hundreds of skilled migrants every year, a new report reveals. As many as 33 per cent of nurses and midwives who finished their training last year were jobless and many were employed as casuals and wanted more hours, said the report….