The acquisition of Cura Day Hospitals Group (Cura) by ICG has successfully completed and represents a significant milestone in Cura’s growth journey. Following a rigorous bidding process attracting over 20 prospective bidders, ICG emerged as the successful buyer.
The Chairman of Cura Day Hospitals Group, Dr Keith Zabell, expressed confidence in the partnership with ICG, highlighting its potential to accelerate the company’s growth trajectory.
"This milestone marks a pivotal juncture for Cura and the expertise and resources brought by ICG will undoubtedly strengthen our position and strategic initiatives," said Dr Zabell.
With the completion of the acquisition, Cura Day Hospitals Group announced several key management changes in its executive leadership team.
Peter Freeleagus has been appointed to the role of Chief Executive Officer, while Annette Abrahams has taken on the responsibilities of Chief Financial Officer.
“We extend our sincere gratitude to the outgoing management team for their support navigating the business through the sale process and we wish them all the very best in their future endeavours,” commented Chairman Dr Zabell.
Peter Freeleagus, newly appointed CEO, underscored the organisation’s commitment to maintaining its esteemed reputation for superior patient care while driving strategic objectives forward.
“Assuming leadership of Cura Day Hospitals Group once again is a privilege, and I am dedicated to leading the organisation towards sustained growth and success.
“Our mission remains steadfast – to deliver exceptional patient-centred care in modern, well-equipped facilities,” remarked Mr Freeleagus.
With the acquisition finalised and a new leadership structure in place, Cura Day Hospitals Group is poised to capitalise on emerging opportunities.
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Cura was established in April 2008 to meet the increasing consumer demand for high-quality day hospital facilities, providing doctors with the opportunity to deliver excellent patient outcomes. Since its inception, Cura has evolved into the largest day hospital company in Australia, encompassing 29 hospitals nationwide.
ICG is a leading global alternative asset manager with over US$80 billion in assets under management. ICG has a wealth of experience in the healthcare sector, both globally and locally, having made a number of very successful investments in Australian and New Zealand based healthcare businesses.
