Healthscope faucets former Qantas exec Tino La Spina | Australian Markets
The nation’s second-biggest non-public hospital operator, Healthscope, has tapped former Qantas worldwide boss Tino La Spina to tackle the highest job amid its $1.6 billion debt ache.
In an inside memo obtained by The West Australian, Healthscope advised employees chief govt Greg Horan would step down to get replaced by Mr La Spina, who was additionally the previous chief finance boss of building supplies supplier Boral.
Mr La Spina was just lately appointed as Healthscope’s deputy chief.
Healthscope — owned by US non-public equity giant Brookfield — operates 38 hospitals throughout the nation, together with 12 in NSW and 13 in Victoria. In WA, it operates Mount Hospital on Mounts Bay Highway.
As half of the management shake-up, Healthscope additionally stated chair Len Chersky would get replaced by Brookfield govt Sophia Rihani.
“Greg became CEO following COVID, and his leadership was crucial in stabilising the business and setting it up for the long-term,” Mr Chersky stated in his word.
“He has overseen significant improvements in staff safety, turnover, patient experience, operational efficiency and in our commercial arrangements with insurers. He has led with strength and humility, earning the respect of our people, doctors and the wider industry.”
Mr Horan will proceed as CEO till the handover is full earlier than resuming his position as a non-executive director at Healthscope and as a managing director in Brookfield’s Personal Fairness Group.
It was reported final November that Healthscope acquired a waiver from its lenders on a $1.6b loan, giving the non-public hospital operator till March to barter greater reimbursements from health insurers.
Final month, Healthscope and health insurer Bupa averted a funding disaster with a new two-year deal that might spare thousands and thousands of sufferers from huge out-of-pocket prices.
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