Australia’s Queensland Investment Corporation (QIC) is eyeing Mercury Capital’s Australian private hospitals business, Nexus Day Hospitals, sources with knowledge of the matter have revealed to Australian Financial Review.
Nexus Day Hospitals owns more than a dozen hospitals across Australia. It offers a variety of services, including ophthalmology, orthopedic surgery, IFV procedures, skin lesion surgery, plastic, cosmetic, and reconstructive surgery, psychiatry, dental surgery and gynecology, in addition to a variety of others.
In 2016, Mercury Capital purchased the business from Wolseley Private Equity for an unknown sum. Mercury Capital focuses on investing in established private businesses operating in Australia and New Zealand.
QIC has made several other recent acquisitions in Australia’s infrastructure sector, including the purchase of Sea Swift, a privately owned, integrated marine transport and logistics provider, in September. The acquisition was made on behalf of Mercury’s Global Infrastructure Fund.
In June, QIC was also awarded the contract to buy out Pacific Energy, a remote power station operator in Perth for A$422 million ($321 million).
The investment manager has A$84 billion ($60 billion) in funds under management, with A$11 billion ($7.8 billion) dedicated to 13 infrastructure assets globally.
