New Chinese owners are shutting the doors on a specialised, "luxury" hospital on the Gold Coast.
The Gold Coast Surgical Hospital, which opened less than two years ago, will close this week following the change in ownership, resulting in about 60 job losses.
It was one of the 13 hospitals private operator Healthe Care picked up when it finalised a $155 million takeover of Pulse Health on Tuesday.
The hospital, which made a $6 million loss in 2016, offered general and specialised procedures, including plastic and reconstructive surgery.
It marketed itself as having five-star accommodation and restaurant-style meals.
Established in Australia 12 years ago, Healthe Care is the third-largest private hospital operator in the country and is owned by the Chinese Luye Medical Group.
Healthe Care chief executive Steve Atkins says the hospital was operating in a competitive and saturated market on the Gold Coast.
He said about 90 per cent of the group's due diligence on Pulse in the past five months was spent on the Gold Coast hospital.
"We looked at every conceivable way to try to make that hospital work," Mr Atkins told AAP.
"We were unable to come up with a strategy that was feasible, as was Pulse unable to come up with a strategy in the past."
Mr Atkins said the majority of the hospital's 60 staff, who were informed of the hospital's fate on Monday afternoon, were casual and part-time nurses and administration workers.
He said Healthe Care would try to redeploy staff elsewhere in its hospital network.
