Healius receives takeover offer from Chinese investor

Company News

by Rachael Jones

Healthcare company Healius (ASX:HLS) has received an unsolicited and highly conditional proposal from Jangho Hong Kong to acquire all of the shares in Healius that it does not already own.

Healius is one of Australia's largest owners of GP clinics and pathology centres and used to be known as Primary Health Care.

The Jangho Group is a building supplies giant that is making moves into Australia's healthcare market.

Through its subsidiaries it currently holds in aggregate 15.93 per cent of the issued share capital of Healius.

The proposal is stated to be a preliminary, non-binding indication of interest. The indicative cash price offered under the proposal is $3.25 per share.

Shares in Healius (ASX:HLS) closed 7.79 per cent higher at $2.63 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.