CDPQ acquires minority stake in Brookfield-owned Healthscope

Caisse de dépôt et placement du Québec (CDPQ) has closed an agreement to co-invest in Healthscope Ltd, a Melbourne, Australia-based private hospital operator, alongside the private equity group of Brookfield Asset Management. CDPQ will invest more than A$300 million ($269 million) to hold a minority stake in the company. In June, Brookfield completed its US$4.1 billion take-private acquisition of Healthscope, Australia's second largest private hospital operator and New Zealand's largest pathology services provider. Toronto-based Brookfield has so far raised nearly US$8 billion ($10.6 billion) for its fifth private equity fund, PE Hub Canada reported earlier this month.

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