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Healthscope managing director and chief executive Gordon Ballantyne will leave the company once Canada’s Brookfield Asset Management takes it over next week.

Mr Ballantyne, the former chief of Telstra’s domestic retail business, joined Healthscope in May 2017.

“In his relatively short time with the company he has been an outstanding chief executive for our patients, employees and shareholders,” Healthscope chairwoman Paula Dwyer said.

Mr Ballantyne said he was proud of his team and what he had been able to achieve at the private hospital operator.

“Although a difficult decision, I feel that now is the right time to pursue new opportunities,” Mr Ballantyne said.

He will leave upon completion of Brookfield’s $4.4 billion takeover offer on June 6, but said he would assist to ensure a smooth transition.