Ramsay buys National Capital Private Hospital in $251 million Canberra deal

Ramsay Health Care has bought National Capital Private Hospital for $251 million. The company is keeping all 555 staff and building a new kitchen.

Why it mattersPatients at the region's major private hospital get more meal choice and flexibility. The new kitchen will create local catering jobs in Canberra.

AustraliaThe ACT's private healthcare system now operates under Ramsay, Australia's largest private hospital operator, with service changes and job creation planned over the next 18 months.

✓ Claims checked against the source and corrected before publish. checked 14 h ago

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File image: Large multi-storey residential construction site with cranes and scaffolding in suburban area

✓ 7NEWSMoney & Work

Bathla Group seeks funds as 2,000 homes sit unfinished in Sydney

Bathla Group's administrators are seeking short-term funding to keep the developer running. But they warn it would only buy weeks to find longer-term money. The company has about 2,000 homes and apartments under construction. These span 45 projects, mostly in western Sydney.

Why it mattersBuyers have been left uncertain about losing deposits. Sub-contractors are owed money, with one kitchen joinery supplier claiming he is owed $750,000. A creditors' meeting on Friday will let those owed money hear from administrators. No decision on the company's future is expected at this meeting.

File image: Modern apartment building facade with multiple balconies

✓ The Sydney Morning HeraldMoney & Work

Bathla Group enters voluntary administration with $3.3bn debt

Bathla Group went into voluntary administration last week. It has $3.3 billion in debts. The building regulator found 12 serious defects in its Kembla Grange development. These include faulty waterproofing that could cause water damage.