As the public health system grapples with long waiting lists and increased demand, it is important that Western Sydney, one of the fastest growing and ageing catchments in Australia, has public and private health systems working together to provide the community with optimal care.
Australian Unity’s Healthcare Property Trust (HPT) is financing the development of the new hospital.
It is the largest unlisted healthcare REIT in Australia with a portfolio of 61 assets worth $2.32 billion - committed to long-term social infrastructure opportunities to meet strong community demand while deriving value for investors.
The Hospital operator - Matilda Health Care has signed a 30-year lease and major works agreement with Australian Unity to develop and operate the hospital.
There is a strong business case for a new private hospital in Sydney’s west
Western Sydney is one of the city's fastest growing regions. Its demographic is expected to age significantly, with the number of residents in the 70-84 age group forecast to increase by 166 per cent by 2036.
There is an undersupply of private hospital capacity in the area.
The hospital will create 250 jobs during the construction phase and a further 250 jobs once complete.
And while today we celebrate the beginning of construction on this site, we’re also excited about the long-term land-use opportunities, and the expansion potential. We know Australian Unity has acquired three parcels of land all up – and, excitingly, there are further plans for growth and additional stages of development we look forward to seeing.