Brookfield’s Healthscope Asks Lenders to Take Board Control

With interest payments on a loan due, Australian hospital operator Healthscope Ltd. said it’s asking lenders to support a “solvent plan” that would give them board control.

• “Under the plan, lenders will have the ability to appoint their own nominees to the board as soon as they are in a position to do so,” Healthscope said in a Monday statement. “The company has sent all lenders a letter detailing and committing to a transition of control to lenders”
• The company says it’s recommending the plan over “any lender led enforcement or process”
• The transition can be undertaken without “costly enforcement ...