Healthscope gets $3.3 bln Brookfield approach, sparking bid war hopes: Reuters
Canadian alternative investment firm Brookfield Asset Management made a US$3.3 billion approach for Australian hospital group Healthscope, trumping a local buyout proposal and sending shares of the target up to a two-year high, Reuters reported. The approach, disclosed by Healthscope in a statement, sets the scene for a takeover battle for the No. 2 Australian private hospital operator which has seen its shares slide due to high debt and a shift back to public health services after a scandal in the private sector. New Australian private equity player BGH Capital made an approach worth US$3.1 billion on April 26.
14 May 2018•3 mins read
