QIC and Sunsuper to acquire Evolution Healthcare from Pacific Equity Partners.

Australian retirement services providers QIC and Sunsuper, agreed to acquire Evolution Healthcare, a corporate hospital platform, from Pacific Equity Partners, a private equity firm. Financial terms were not disclosed. “We’re very pleased to have been successful in securing Evolution Healthcare, a long-standing and dominant healthcare operator with strong incumbent positions in its key catchments. It is a platform with an experienced management team which has strong potential for future growth and expansion over time. This investment is wholly aligned with our sector centric, thematic-based infrastructure investment strategy. It leverages one of our key megatrends, an aging population, and the secular tailwinds of increased chronic illness and growing healthcare needs arising from public health constraints," Ross Israel, QIC Head of Global Infrastructure.