A liquidator has referred two failed development companies behind a plan to build a $130 million private hospital in Wollongong to the Australian Securities and Investment Commission.Liquidator Morgan Kelly, from Ferrier Hodgson, told the Mercury his company had done its own investigation into Wollongong Integrated Care and its shareholders Jempac Number Five and Pacifico Number Five.He said a report had been submitted to ASIC, which would now decide if it intended to pursue prosecution.A spokeswoman for ASIC said it was commission policy not to comment on whether a company was being investigated or not.Mr Kelly said: "(ASIC) haven't got back to us yet. That usually means they're preparing a brief or investigating it further."Former Wollongong City Council general manager Rod Oxley approved the Rawson St, Wollongong Integrated Care project in October 2005.The multimillion-dollar complex was to include aged care, a private hospital and residential accommodation.Two years earlier, Jempac had bought the Rawson St car park from the council for $6 million to accommodate the project, but the council was forced to buy it back in September last year for $6.1 million to ensure the parking spaces remained after the development failed.Mr Kelly said winding up proceedings against Wollongong Integrated Care began earlier this year over unpaid council rates.The former directors and secretaries of Jempac Number Five are Sid Macdessi and Steven Macdessi. The former director and secretary of Pacifico Number Five is David Shalala.The developers were behind several failed projects and companies in Wollongong and southern Sydney since 2007, including Pacifico Number Four and Jem Number Four, both of which folded with a combined debt of $191 million, leaving a Harbour St hotel incomplete.Sid and Steven Macdessi could not be reached.Mr Shalala said he was unaware of any referral to ASIC.He blamed the global financial crisis for the collapse of his companies.Mr Shalala said the council did not need to buy back the Rawson St car park to conserve parking spaces.He said a site-specific Local Environment Plan meant whoever developed the site would have to include public parking spaces."Why the council went and put $6 million of ratepayers hard earned money back into a site that's just going to sit there, I have no idea," he said.Mr Shalala said the collapse of Wollongong Integrated Care was upsetting."I'm very disappointed with the whole situation," he said."It was a great project and I still believe Wollongong needs a private hospital."But the economy turned, the financiers collapsed and we couldn't get funding for it."