Healthscope Ltd (ASX:HSP) receives takeover approach

Company News


Hospital owner and manager Healthscope Ltd (ASX:HSP) says it has received a takeover approach from a private equity consortium.

In a statement to the ASX this morning the company says after the closing bell yesterday, it received an indicative, non-binding and confidential proposal to acquire all of the company’s shares by scheme of arrangement for $5.50 a share.

The offer, from the as yet unnamed consortium, values Healthscope at around $1.74 billion.

Healthscope says it has not formed a view with respect to the proposal and recommends shareholders take no further action at this time.

The company says it will make a further announcement once it has given the offer due consideration.

Healthscope booked a profit of $72.29 million for the fiscal 09 year.

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