Ramsay healthcare (ASX:RHC) has announced that the extended acceptance period for Ramsay Generale De Sante's public offer for Capio is now closed.
At the close of the extended period shareholders holding around 98.51 per cent of the shares in Capio had accepted the offer.
The company says Ramsay Generale De Sante will not further extend the acceptance period and intends to initiate a compulsory buy out procedure with respect to the remaining shares.
The total value for the offer, made via Ramsay's French subsidiary Ramsay Generale de Sante (RGds) is about €788 million.
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) are trading