The fate of Healthscope, Australia's second-largest private hospital group, is set to be resolved in early August as lenders prepare to select between two competing acquisition bids.
The decision marks the end of a protracted period of uncertainty for the company, which collapsed into receivership more than a year ago.
Lenders are scheduled to examine the two separate offers this month before making a final determination.
The process aims to provide clarity on the ownership and future direction of the hospital network, which has been in limbo since its financial collapse.
The competing bids represent distinct paths for the business, with lenders weighing the strategic and financial merits of each proposal.
The resolution of Healthscope's ownership comes amid a broader wave of activity in the healthcare sector, where private equity and strategic investors are increasingly active in consolidating fragmented markets.