Healthscope receives $4.1 billion takeover offer again

Company News

by Jessica Amir

Australia's second largest private hospital operator, Healthscope (ASX:HSO) has received a second takeover offer for $4.1 billion for $2.36 cash per share.

The consortium of financial investors, who are making the conditional offer again, The BGH - AustralianSuper Consortium are trying again to take over the firm, despite Healtscope previously rejecting the first offer on 22 May 2018.

The parties vying to take over the firm say the indicative price will be reduced by the value of any dividends or distributions declared, proposed or paid.

The exclusive arrangements among the BGH members stands until 31 March 2019. Meantime, Healthscope will asses the proposal and keep the market informed of any developments.

Shares in Healthscope (ASX:HSO) last traded at $1.79
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter.