$190 million deal struck to return embattled hospital to public hands
The beleaguered Northern Beaches Hospital is set to become publicly owned after the State Government reached an in-principle agreement to take over the hospital for $190 million.
The major Sydney hospital has been riddled with scandals under the ownership of Healthscope, Australia’s second-largest hospital operator, which is in the hands of receivers.
Under the in-principle agreement, the State Government will buy the Northern Beaches Hospital building and all of its 494 beds for $190 million.
All clinical and support staff at the hospital will receive job offers from NSW Health and their staff entitlements will be transferred in a transition expected to be completed by mid-2026.