Brookfield Nurses $1.3 Billion Loss in Australia: The Brink

Welcome to The Brink. I’m Sharon Klyne, a reporter in Sydney, where I’m looking at Brookfield’s failed bet on an Australian hospital group. We also have news on disqualified lender lists, QVC Group, New World and EchoStar. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.

Awkward End

Healthscope, an Australian hospital group owned by Brookfield, entered into administration this week, leaving one of the world’s largest alternative asset managers nursing an estimated A$2 billion ($1.3 billion) loss, according to people familiar with the matter.

Brookfield’s flagship investment in the health care sector ...