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Healthscope's CEO to depart after takeover by Brookfield

Healthscope Ltd. said Gordon Ballantyne is leaving his roles as managing director and CEO upon closing of the company's acquisition by Brookfield Business Partners LP, expected June 6.

Ballantyne joined the Melbourne, Australia-based healthcare provider in May 2017. Prior to Healthscope, he served as the head of Telstra Retail for Telstra Corp. Ltd. from 2013 to 2015.

Healthscope on Jan. 31 agreed to be acquired by Brookfield Business Partners LP in a deal that values the company at A$5.71 billion. The proposed takeover was recently approved by the Federal Court of Australia.