Healthscope (ASX:HSP) takeover bid demands

Company News

Senior Healthscope (ASX:HSP) executives are stamping their feet over details of a takeover bid involving Kohlberg Kravis Roberts and Healthe Group.

The Australian Financial Review reports that Healthscope executives have threatened to leave the company if the takeover bid is successful and sees Healthe Group managing director Benn Thynne appointed to the management team.

The newspaper said that under Mr Thynne's management, Healthe posted a $12.4 million loss last year.

Meanwhile, Healthscope is expected to ask for a higher purchase price than those currently offered by those in the bidding battle.

Kohlberg Kravis Roberts is currently proposing $5.80 per share, while TPG, Carlyle and Blackstone are proposing $5.75 per share.

Healthscope owns 43 hospitals, representing 15 per cent of Australia's private hospital market.

In the year to June 30 2009, Healthscope posted a $72 million net profit.

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