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Crescent Capital-owned Australian Clinical Labs seeks $315m in IPO

Crescent Capital-owned Australian Clinical Labs seeks $315m in IPO April 21, 2021 Australian Clinical Labs (ACL), a pathology provider owned by domestic private equity firm Crescent Capital Partners, is seeking to raise $315 million in an initial public offering next week, according to a memo seen by Reuters. The company and its advisors, Merrill Lynch Equities and Goldman Sachs, will offer shares at A$4 each at an institutional bookbuild on April 27, valuing the company at A$809 million, according to the memorandum sent to investors. A listing of ACL, one of the three big pathology companies in Australia servicing more than 90 private and public hospitals, would be Australia’s largest IPO of the year, adding to the already four-fold increase in public offerings in the first quarter.

SBS Language | Australia not confident about reopening international borders, as COVID-19 rises overseas

Share on Twitter Highlights: ‘It’s not safe right now to open up our international borders,’ says Australian PM Scott Morrison Health Minister Greg Hunt refuses to guarantee reopening borders even if the whole country gets vaccinated  Health experts warn widespread vaccination drives are not sufficient to kick start international travel During a Facebook Live on Monday, Mr Morrison warned that it may not be safe to reopen borders while COVID-19 cases are escalating worldwide, particularly in developing countries. “It’s not safe right now to open up our international borders. Around the world, COVID-19 is still rife,” the prime minister said.

Doctors say $21bn could be saved by eliminating avoidable hospital admissions for older Australians

Doctors say $21bn could be saved by eliminating avoidable hospital admissions for older Australians Elias Visontay © Provided by The Guardian Photograph: Alamy More than $21bn could be saved on avoidable hospital admissions involving older Australians over the next four years if doctors were better integrated into Australia’s aged care system and the Medicare rebate for longer visits was increased, according to an analysis from the Australian Medical Association. The AMA has said the current Medicare rebate does not reflect the time it takes general practitioners to travel to aged care facilities or conduct home visits for Australians aged over 65. As a result, the peak body for doctors argued that older Australians were not accessing the healthcare they needed and were ending up in hospital.

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