It had someissues about the purchase which Mayne refused to meet.Ī group of international venture capitalistsled by Citigroup member CVC Asia Pacific bought the hospitalsintending to turn the business around and then float it at a profit.What happened, theimplications, and the way informationabout the purchaser, was concealedfrom the public are addressed more fully on other pages, as is Citigroup'strack record for fraud anddeceit. Ramsay Health Care was interested inpurchasing these hospitals and was the favoured bidder. Mayne was by far the largest privatehospital operator in Australia. In 2003 Mayne decided to divest itsstruggling hospital division. This page looksat what happened and why.Ĭontentslist 2003Sale of Mayne Hospitals to Affinity Health In 2005 only 18 months later Ramsaypaid $600 million more to buy those same hospitals. Ramsay Health Care attempted to buy MayneHealth's hospitals in October 2003 but was pipped at the post by agroup of venture capitalists. 2005 Ramsay buys the hospitals from Affinity Health.2003 Sale of Mayne Hospitals to Affinity Health.This makes Ramsay dominant in the hospital marketplace. ![]() This page describes Ramsay's failure to buy Mayne's hospitals in 2003, and their successful bid for the same hospitals from Affinity Health in 2005. The intention is to show the general thrust of corporate practices as well as the nature and extent of any allegations made. I am not claiming that all of the allegations are true. The material is selective and I have not included denials and explanations. ![]() They should not be reproduced for commercial purposes. I consider this to be "fair use" in the common interest. They are reproduced here for educational purposes and to stimulate public debate about the provision of health and aged care. They are owned by the reference given or its owner. Order to Pay Taxes - Federal.The many extracts on these pages are from copyright material. 341(a) meeting to be held on at 01:00 PM at Office of the UST. (Attachments: # 1 Exhibit A # 2 Exhibit B - Proposed Order) (Austin, Elizabeth) (Entered: ) Austin on behalf of Affinity Healthcare Management, Inc., Debtor. Motion to Use Cash Collateral Filed by Elizabeth J. (Attachments: # 1 Proposed Order) (Austin, Elizabeth) (Entered: ) Motion to Extend Deadline to File Schedules or Provide Required Information Filed by Elizabeth J. Motion for Entry of an Order Pursuant to 11 USC Section 105 for Authority to Maintain Pre-Petition Accounts and Cash Management Systems Filed by Elizabeth J. Motion to Pay Pre-Petition Payroll Filed by Elizabeth J. ![]() Appointment of health care ombudsman due by Filed by Affinity Healthcare Management, Inc. Atty Disclosure Statement Re: 2016(b), List of Equity Security Holders, Schedule A/B-J, Statement of Financial Affairs, Summary of Assets and Liabilities, Declaration Under Penalty of Perjury for Non-Individual Debtors, Corporate Resolution, Statement of Corporate Ownership due by.
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