Ashurst advised NorthWest Healthcare in connection with the acquisition of Healthscope by Brookfield.
Federal Court of Australia approved the A$5.7 billion (approx. €3.5 billion) acquisition of Healthscope Limited (‘Healthscope’) by Brookfield through a scheme of arrangement marks a key milestone in a 13 month process for NorthWest Healthcare Properties REIT (‘NorthWest’) which saw international law firm Ashurst advise NorthWest on the acquisition of A$1.3bn of hospital property assets from Healthscope.
NorthWest’s acquisition of the property assets is part of a sale and leaseback transaction whereby NorthWest will purchase the hospital assets and lease them back to Healthscope. The acquisition of the property assets is now unconditional following the approval of the scheme of arrangement.
NorthWest is Healthscope’s second largest shareholder with a 13.3% interest in the company and supported the scheme of arrangement at the scheme meeting on Wednesday of this week.
The Ashurst team was led by corporate partner John Brewster (Picture) and financing partners Martin Coleman and Madeleine de Garis with support from partners Richard Brooks, Pauline Tan, Nick Terry, Elspeth Arnold, John Sartori, Con Tzerefos, Anton Harris, Jamie Ng, Justin Jones, Ian Kellock and Geoff Mann, counsel Bronwyn Kirkwood, senior associates Kristina Popova, Harry Stone, Jake Saccardo, Victoria Lee, Jacinta Pitos and lawyers Ryan Kabat, Laura Di Roberto, Stephen Moore and Duncan Knowles.
Involved fees earner: Elspeth Arnold – Ashurst; John Brewster – Ashurst; Richard Brooks – Ashurst; Martin Coleman – Ashurst; Madeleine de Garis – Ashurst; Laura Di Roberto – Ashurst; Anton Harris – Ashurst; Justin Jones – Ashurst; Ryan Kabat – Ashurst; Ian Kellock – Ashurst; Bronwyn Kirkwood – Ashurst; Duncan Knowles – Ashurst; Victoria Lee – Ashurst; Geoff Mann – Ashurst; Stephen Moore – Ashurst; Jamie Ng – Ashurst; Jacinta Pitos – Ashurst; Kristina Popova – Ashurst; Jake Saccardo – Ashurst; John Sartori – Ashurst; Harry Stone – Ashurst; Pauline Tan – Ashurst; Nick Terry – Ashurst; Con Tzerefos – Ashurst;
Law Firms: Ashurst;
Clients: NorthWest Healthcare Properties ;