• Nexus deal follows ‘megatrends’

    Nexus Hospitals has continued its expansion plans, acquiring the Montserrat Day Hospitals group.

    Nexus CEO Andrew Petering said his organisation would now operate a portfolio of 29 short-stay hospitals across Australia.

    “This is an important expansion to our national platform of high-quality surgical facilities, delivering exceptional care for patients in a boutique, efficient setting,” he said.

    “Montserrat’s strong patient focus aligns well with Nexus Hospitals’ 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.”

    The acquisition builds on QIC Infrastructure’s 2019 investment in Nexus Hospitals, and follows the new partnership with Pacific Private Day Hospital – which became the 18th facility in the group's portfolio in late November 2022.

    QIC’s Head of Global Infrastructure, Ross Israel, said the acquisition of Montserrat aligned with several “megatrends” driving growth for healthcare services globally, including ageing populations, increasing healthcare spend and a focus on quality of life.

    “These megatrends 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. 

    “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.”

    Mr Israel said Nexus would continue to seek high-quality opportunities to grow its business, as it seeks to be a leader in the short-stay sector.

    “We believe this will further position Nexus Hospitals at the forefront of structural change in the industry and to deliver more affordable, high-quality healthcare outcomes to Australians,” he said.

    Nexus is now a major shareholder in Pacific Private Day Hospital, having invested in the Gold Coast facility along with a group of doctors to add its second Queensland site.

    “We are excited by the partnership with Nexus and see it as an opportunity to further develop and expand our hospital services, ensuring the Gold Coast community has access to the excellent care we provide,” said Pacific Private's General Manager and Director of Nursing, Jane McLennan.

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