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Canberra Private Hospital: no longer financially sustainable. Photo: Nexus Hospitals.<\/p>\n
The Canberra Private Hospital in Deakin will close in September after its operator, Nexus Hospitals, decided to pull the plug on the facility, which had been struggling financially.<\/p>\n
Nexus Hospitals said it made the decision after careful consideration of the hospital\u2019s operational and financial position.<\/p>\n
A final date of operation had yet to be decided, but the doors were expected to close in September.<\/p>\n
Nexus said its focus was on maintaining the high standard of patient care that Canberra Private Hospital had provided for many years and minimising any disruption to patients.<\/p>\n
It was supporting employees and working with doctors to transition their surgical sessions to other hospitals once the hospital closes.<\/p>\n
Nexus Chief Executive Greg Hall said the decision had not been taken lightly.<\/p>\n
\u201cUnfortunately, despite considerable efforts to explore all viable options, the hospital is no longer financially sustainable and continuing operations is not possible,\u201d he said.<\/p>\n
Mr Hall said the priority now was to work closely with doctors and staff to maintain safe, high-quality care during the transition and minimise disruption for patients.<\/p>\n
He said the financial sustainability of private hospitals was challenging for many operators.<\/p>\n
\u201cThe Nexus Hospitals group remains strong, is growing, and continues to pursue opportunities in other markets, including acquisitions and expansions,\u201d he said.<\/p>\n
Several private hospitals across Australia have closed in recent times with the sector beset by rising costs, falling profitability and issues with private health insurers.<\/p>\n
Located in the Equinox Business Park, Canberra Private Hospital was founded in 2011 and provides specialised surgical services.<\/p>\n
The website says that after opening with three theatres, surgeon demand supported an expansion program to build a fourth theatre and a state-of-the-art upgrade of the existing theatres.<\/p>\n
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