The proposed Ramsay Health Care Limited
(ASX:RHC) acquisition of Wollongong Day Surgery may not go ahead after the ACCC flagged a number of issues.
The ACCC says that competition issues have arisen as the proposed acquisition would see Ramsey acquire its closest competitor in the area.
The only other provider of day surgery services is 20 km away at Shellharbour Private Hospital.
The ACCC says the purchase may enable Ramsey to charge higher prices to health funds and increase prices for uninsured patients.
The ACCC is asking for further submissions in relations to the matter ahead of its final decision on 27th August.
Ramsey Health Care reported a net profit of $200 million for the first half of the 2015 financial year.
