Australia’s Capitalist Finance Sector: Deception, Exploitation and Misdirection of Financial Resources
by Trotskyist Platform / May 11th, 2021
In recent years, the ripping off of customers, deceit and even outright fraud practiced by Australian finance sector businesses has gained much attention. Four years ago it was revealed how CommInsure, the insurance arm of the Commonwealth Bank of Australia (CBA), had refused to make promised life insurance payments to heart attack survivors. They “justified” this by using a definition of a heart attack that was so dodgy that even some people who had
such a severe heart attack that they had to be resuscitated were denied their entitled pay outs! Such devious practices have been undertaken by finance sector enterprises big and small – from the big four banks and insurance giants to brokers and loan enablers and to retail businesses that hand out loans. As a result the banks, insurance companies and the brokers and others connected t
Luye taps JPMorgan to find Healthe buyer
Save
Share
Australiaâs third largest private hospital group is back on the auction block.
Five years after Chinaâs Luye Medical Group snapped up Healthe Care, the offshore investor has called in the bankers to prepare the group for sale and test buyer appetite.
The Valley Private Hospital is one of nearly three dozen healthcare sites operated by Healthe Care. Â
Simon Johanson
As first reported by Street Talk on Thursday, Luye has mandated JPMorganâs investment banking team to run an auction for Healthe Careâs surgical acute care arm, which oversees surgeries and associated patient care, and is expected to be worth about $600 million.
Premium Content
Subscriber only
A HI-TECH rehabilitation centre is drawing people from as far as Rockhampton to the Sunshine Coast.
Eden Private Hospital’s robotics technology, which recently arrived from Austria, helps adult and adolescent rehabilitation patients improve functional deficits associated with stroke and other neurological conditions such as multiple sclerosis, cerebral palsy, Parkinson’s, and more.
The hospital claims it is the only centre in south-east Queensland to offer such an extensive robotics rehabilitation program.
Bundaberg’s Jennifer Blackburn was among the first to trial the new technology, which she said doubled the strength in her hand following nerve damage.