Ramsay Healthcare’s offer for Capio accepted by 96 per cent of shareholders

Company News

by Anna Napoli

Ramsay healthcare (ASX:RHC) has announced that its public offer for healthcare services company, Capio has been accepted by 96 per cent of shareholders and, as such, the offer is now unconditional.

The total value for the offer, made via Ramsay's French subsidiary Ramsay Generale de Sante (RGds) is about €788 million.

All conditions for the completion of the offer have been satisfied with unconditional clearance also received from the French Competition Authority.

Ramsay has extended the acceptance period until the 7th of November to give remaining shareholders an additional chance to accept the offer.

The company says Capio has a solid portfolio in France and has been a leader in driving value-based healthcare and digitalization.

Shares in Ramsay Healthcare (ASX:RHC) closed 1.41 per cent lower to $54 on Friday.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.