It could take $250m, but a management buyout could be a good move for private equity funds if negotiations can be finalised.
Australian doctor-owners of Qualitas Health’s local arm are looking for private equity to help them buy their way out of ownership by a Malaysia-based parent company.
Qualitas Health has 40 locations across NSW, Queensland and Victoria, including Bondi Junction Medical Centre and Melbourne’s Albert Park Medical Centre.
According to the Australian Financial Review, the management buyout may cost around $250 million, with healthcare specialist Crescent Capital Partners one of a “handful” of PE firms that have been approached.
The outlet said its sources reported that Qualitas’ doctors wanted more equity than Crescent was prepared to offer.
Qualitas was founded in Malaysia in 1997 and was originally planning on setting up 500-plus locations across Malaysia, Australia and Singapore by 2022.
