Tuesday, December 24, 2024

Ramsay Health Care: Receives $20b takeover bid from US private equity firm

Ramsay Health Care Receives $20b takeover bid from US private equity firm

  • Australia’s largest private hospital operator, Ramsay Health Care (RHC), receives a takeover bid from US private equity giant KKR valuing Ramsay at over $20 billion
  • Under the offer, a consortium of investors led by KKR would fork out $88 per Ramsay share for full control of the ASX-listed company
  • Ramsay says the takeover talks are still preliminary and, as such, shareholders do not need to take any action just yet
  • RHC has been listed on the ASX for 25 years and has grown into a network of 532 facilities across Australia, the UK, Europe, and Asia
  • Shares in Ramsay Health Care have spiked 24.2 per cent to $80 today following the offer from KKR

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