Healthscope opens books to sweetened $3.25 bln Brookfield offer: Reuters
BGH Capital, an Australian private equity firm run by three star dealmakers, was rebuffed in its bid to acquire hospital operator Healthscope Ltd, Reuters reported. On Monday, Healthscope said it had picked Brookfield Capital Partners’ sweetened offer that values the business at up to A$4.5 billion (US$3.25 billion). Melbourne-based Healthscope, which had in May snubbed offers from Brookfield and BGH, said Brookfield’s new offer was superior and it would grant the Canadian investment firm exclusive access to due diligence to facilitate a binding offer. Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan were partnering with BGH in its bid, Reuters reported last month.
12 November 2018•3 mins read
