Spurned PE bidder returns for Australia's Healthscope: Reuters
Australian private equity firm BGH Capital and its partners lobbed a second A$4.1 billion (US$2.9 billion) bid for hospital operator Healthscope Ltd, this time with a top shareholder’s support, Reuters reported. Healthscope rejected as too cheap an identically priced earlier offer from the BGH-led consortium, as well as a higher one from Canadian investment firm Brookfield Asset Management, in May. BGH, which is partnering with Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan Board and others, said its repeated offer had the backing of No. 2 shareholder Ellerston Capital. Healthscope is Australia’s second-largest private hospital operator.
23 October 2018•2 mins read
