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June 23, 2021updated 24 Jun 2021 3:17pm

Western Health and Djerriwarrh Health merger gets government approval

Djerriwarrh facilities and staff will be integrated into the Western Health network.

The Government of Victoria state in Australia has approved the voluntary merger of Western Health and Djerriwarrh Health Services.

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Western Health operates acute public hospitals – Footscray Hospital at Footscray, Sunshine Hospital at St Albans and the Williamstown Hospital.

The firm also manages the Sunbury Day Hospital, along with a Transition Care Program at Hazeldean in Williamstown.

It provides acute tertiary services across emergency medicine, intensive care, medical and surgical services. Western Health employs approximately 6,500 people.

Meanwhile, Djerriwarrh Health Services has sites in Bacchus Marsh, Caroline Springs and Melton.

The company runs a 42-bed acute Bacchus Marsh and Melton Regional Hospital, ambulatory care facility Melton Health and 30-bed Grant Lodge aged care facility.

Djerriwarrh Health’s portfolio also includes Bacchus Marsh Community Health Centre, Melton Community Health Centre and Caroline Springs Community Health Centre.

As part of the merger, Bacchus Marsh and Melton Regional Hospital, Melton Health, Grant Lodge, and Bacchus Marsh, Melton and Caroline Springs centres, as well as Djerriwarrh staff will become part of the Western Health network from 1 July this year.

The voluntary amalgamation comes after two years of talks between the two health services. Djerriwarrh said that the merger will not result in loss of frontline clinical jobs or cuts in overall health staffing levels.

Minister for Health Martin Foley said: “The decision to voluntarily amalgamate comes after a long and mutually beneficial partnership that has delivered many benefits for the community. It will deliver more services and better care for Melbourne’s growing west.”

The government committed in 2019 to build a new hospital in Melton, which will be run by Western Health.

As part of the merger, $4.1m (A$5.5m) will be provided to redevelop the Grant Lodge aged care facility in Bacchus Marsh.

Earlier, the government constructed the Joan Kirner Women’s & Children’s Hospital, made a $8m (A$10.6m) upgrade to maternity services and expanded operating theatres in Bacchus March.

In addition, the $1.1bn (A$1.5bn) new Footscray Hospital is being delivered while planning for the new Melton hospital.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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