Ramsay Health Care Ltd has completed its acquisition of French private hospital operator Groupe Proclif SAS (Proclif). Australia's largest private hospital operator agreed to acquire 57% stake in Proclif for $142 million in January this year. Predica, a personal insurance subsidiary of Credit Agricole, holds the remaining 43%t. Ramsay will work with Predica to grow a quality portfolio of hospitals in the French acute care sector.
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home