Homebush Bay. Hospital company collapses

Owen Ferguson Health, the company that ran Canada Bay Private Hospital, has collapsed less than a week after the state government expressed confidence in working with it on a $51 million hospital at Homebush Bay. ANZ Bank has appointed the receivers Ferrier Hodgson to take over three of the group's hospitals, in Lismore, Mackay and Melbourne. The same day the directors, Kerry Ferguson and Daniel Owen, called in voluntary administrators, who will take control of the closed Canada Bay hospital. A spokesman for the Sydney Olympic Park Authority, which confirmed last week it would continue to deal with the pair, said the state government would now ''monitor the situation'' and assess its legal options.