B&B pulls out of HSE private hospitals bid

Babcock & Brown, the Australian fund that now owns Eircom, has pulled out of the running to build private hospitals on public hospital land.

The global investment and advisory firm has written to the Health Service Executive (HSE),which is managing the co-location tendering process, saying it did not believe that building the particular hospitals it was tendering for was workable. The group had been bidding to build private facilities on public hospital grounds ...