The asset, which was held under a public private partnership arrangement that was coming to an end, has now been returned to state government ownership.
“The transaction was a win-win for MTAA Super fund members, the Sunraysia community and the state government,” MTAA Super chief executive Leeanne Turner said.
MTAA Super has owned the hospital since 2001 and “is proud of its track record in delivering essential health services for the people of the Sunraysia region through expanding and modernising its local hospital facilities and accommodation,” the fund stated.
“The sale of the asset now places it back into public hands and allows the community and the state government to realise their plans for the hospital’s future,” Ms Turner said.
MTAA said the asset delivered a “solid return” over the life of the acquisition.
“Industry SuperFunds have proven to be responsible owners of public sector assets,” Ms Turner said.
