New leadership team at Cura

Cura Day Hospitals Group has announced its new leadership team following the completion of its acquisition by Intermediate Capital Group (ICG).

Co-founder Peter Freeleagus returns as CEO, replacing his successor Andrew Currie.

Annette Abrahams has been appointed Chief Financial Officer, the role she held at Cura from 2011-19.

Cura Chairman Dr Keith Zabell said the new partnership with ICG – which emerged as the successful buyer from more than 20 prospective bidders – would help to continue the growth of the group, which has 29 facilities across Australia.

ICG manages over US$80 billion in assets globally and has made a number of successful investments in Australian and New Zealand-based healthcare businesses.

"This milestone marks a pivotal juncture for Cura and the expertise and resources brought by ICG will undoubtedly strengthen our position and strategic initiatives," Dr Zabell said.

"We extend our sincere gratitude to the outgoing management team for their support navigating the business through the sale process and we wish them all the very best in their future endeavours."

Mr Freeleagus, who helped establish Cura in 2008 and left in 2020, said he was committed to maintaining its reputation for superior patient care while driving strategic objectives forward.

"Assuming leadership of Cura Day Hospitals Group once again is a privilege, and I am dedicated to leading the organisation towards sustained growth and success," he said.

"Our mission remains steadfast: to deliver exceptional patient-centred care in modern, well-equipped facilities."

Read more: Cura agrees takeover deal with ICG

Read more: New era for expanding PresMed

Next Industry Talk:
26/6/2024 The value of building strong partnerships with service providers

Previous Industry Talk:
10/6/2024 HESTA: New role to help maximise member returns