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Owen Ferguson Health Group

Appointment Type: Receivership

Appointment Date: 24/02/2010


Appointee(s):
James Stewart, Morgan Kelly, Peter Walker

Office: Sydney

Case Contact: Owen Ferguson Health Group Enquiries

Phone: +61 2 9286 9922

Fax: +61 2 9286 9888


Email: ofhg@fh.com.au

Background Information:

Cliveden Hill Holdings Pty Ltd - ACN 007 109 551 (Trading As Cliveden Hill Private Hospital)

Lismore Private Hospital Pty Ltd - ACN 127 883 416 (Trading As Lismore Private Hospital)

Owen Ferguson Health Mackay Pty Ltd - ACN 121 675 009 (Trading As Pioneer Valley Private Hospital)

Owen Ferguson Health Holdings Pty Ltd - ACN 124 427 765

Owen Ferguson Health Hospitals Pty Ltd - ACN 120 569 119

(All Administrators Appointed) (All Receivers and Managers Appointed) ("the Group")

The Owen Ferguson Health Group owns and manages three private hospitals in suburban and regional Australia: Cliveden Hill Private Hospital, East Melbourne, Victoria; Lismore Private Hospital, Lismore, New South Wales; Pioneer Valley Private Hospital, Mackay, Queensland.

Current Status and Actions Required by Creditors:

Cliveden Hill Private Hospital closed on 28 May 2010 due to ongoing cashflow difficulties and a lack of feasible going concern sale options. On 4 June 2010 the Receivers and Managers finalised a sale in respect of the plant and equipment, inventory and business name.

Pioneer Valley Private Hospital closed on 23 March 2010 due to existing occupational health and safety concerns about the building, trading/cashflow issues and the impact of devastating Cyclone Ului. The Receivers and Managers were not able to secure a going concern sale of the hospital and finalised a sale in respect of the plant and equipment on 9 April 2010.

Due to ongoing regulatory and financial difficulties, Lismore Private Hospital was closed on 26 February 2010 and the Receivers and Managers have finalised a sale in respect of the plant and equipment.

There will be a significant shortfall in the amount owed to the secured creditor, and as such, no funds will be available for distribution to unsecured creditors.

Should any creditors or employees wish to lodge a claim in respect of any amounts owed by the Group, please contact the Group's Liquidators on the details provided below:

HLB Mann Judd

Contact Name: Patrick O'Connor

Contact Number: (02) 9020 4301

Email Address: pfoconnor@hlbnsw.com.au

Documents available for download:

 
Phone:
+61 2 9286 9999
Fax:
+61 2 9286 9888
Email:
morgan.kelly@fh.com.au