Hall & Wilcox advises on the sale of Sydney Surgical Centre to Cura Day Hospitals Group

Hall & Wilcox recently acted for Captia Pty Limited as the trustee of the Captia Trust in relation to the sale of Sydney Surgical Centre to the CURA Day Hospitals Group.

Hall & Wilcox advised Captia in relation to the sale, including the transfer of the lease, employees and business and assets, liaising with the solicitors who acted for the vendors, the shareholders and unitholders.

Partner Alison Choy Flannigan led the team, supported by Partner Mark Petrucco and Lawyers James Blok and James Pinkerton, as well as Partner Maurice Doria and Lawyer Lada Notova from the firm’s property and projects team.

Located in the medical precinct of Randwick, in Sydney’s eastern suburbs, Sydney Surgical Centre offers a range of procedures including ophthalmology, oral and maxillofacial surgery, interventional pain management, orthopaedics, plastic and reconstructive surgery, paediatric surgery and ENT surgery.

The specialised private hospital features three large state-of-the-art integrated operating theatres that are equipped with the latest and most advanced medical equipment.

The sale by Captia represented a group of the medical practitioners who initially invested in the centre, and was a great opportunity for a larger hospital group to provide additional opportunities for staff, while maintaining the state-of-the-art environment for referring medical practitioners and patients.

Partner Alison Choy Flannigan said: ‘One of the challenges of this deal was working with so many stakeholders, and COVID-19 caused a lot of disruption to the private hospital market. The sale was a great result for all concerned.’

Captia Chair Stephanie Watson said: ‘Sydney Surgical Centre was established by the medical practitioner group of shareholders to provide excellence in care to patients having surgery. We are pleased that the sale to Cura enables the centre to continue providing high-quality patient care and support to our staff and surgeons. Working with Hall & Wilcox enabled us to realise these gains from the sale. We were grateful for the expertise of the team led by Partner Alison Choy Flannigan.’

Chief Executive Officer Tony Scaramuzza said: ‘Alison Choy Flannigan’s specialised experience and understanding of the private hospitals and health care sectors, supported by the breadth and strength of the Hall & Wilcox team, was instrumental in navigating this complex transaction and achieving an excellent outcome for our patients, doctors, staff, suppliers and shareholders.’

Hall & Wilcox is a leading independent law firm. We have more than 1000 people, including 120+ partners, working across eight offices. We build partnerships with and service corporate, public sector and private clients, both Australian-based and those offshore doing business in Australia.