Image: Montserrat Day Hospital Nexus Hospitals (Nexus) has acquired Montserrat Day Hospitals (Montserrat), to create the largest short-stay hospital platform in Australia.
Following this acquisition, Nexus will operate a portfolio of 29 short-stay hospitals across Australia and continue to deliver efficient and more affordable access to non-emergency elective surgery for Australians.
The acquisition builds on QIC Infrastructure’s 2019 investment in Nexus, a leading Australian short-stay hospital platform, and actively demonstrates the execution of a sector centric, thematic-based investment strategy, of which healthcare is a core focus.
Andrew Petering, CEO of Nexus, said Montserrat provides an important expansion to their 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,” Mr Petering said.
“Montserrat’s strong patient focus aligns well with Nexus’ core values. We look forward to the scale and depth that the combined businesses will provide for our patients and the overall Australian healthcare system through the ongoing delivery of affordable healthcare services with excellent clinical outcomes and patient experiences,” he said.
QIC’s Head of Global Infrastructure, Mr Ross Israel said the acquisition of Montserrat aligns with several megatrends driving robust growth in demand for healthcare services globally, including aging populations, increasing healthcare spend and focus on quality of life.
“These megatrends in healthcare have driven strong historic volume increases in short stay hospital together with ongoing technological and clinical developments which will enable more procedures to be safely performed in these settings. In addition, short stay hospitals are more affordable and efficient for patients and payors, and a viable solution to the growing elective surgery backlogs across the broader Australian public healthcare system,” he said.
QIC has observed a 3.8 per cent p.a. growth in total surgical procedures performed in private hospital short-stay settings in Australia since 2011. Through QIC’s active asset management approach they continue, with Nexus management, to see organic and bolt on opportunities to grow its business.
“We believe this will further position Nexus at the forefront of structural change in the industry and to deliver more affordable, high quality healthcare outcomes to Australians,” Mr Israel said.