FIRB approves takeover of Healthscope

Company News

Healthscope Ltd (ASX:HSP) says the takeover proposed by The Carlyle Group and TPG Capital has been approved by the Foreign Investment Review Board.

The healthcare service provider says Federal Government has given the green light for the private equity firms consortium to acquire all of Healthscope, in a deal worth around $2.7 billion.

Healthscope directors continue to unanimously recommend that its shareholders vote in favour of the scheme in the upcoming meeting on 22 September.

Healthscope posted a net profit of $99.3 million in the 2010 financial year, an increase of 27.3 per cent from fiscal 2009.

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