Healthscope in $4.4b takeover offer

Company News

by Rachael Jones

Private hospital operator Healthscope (ASX:HSO) has agreed to a buyout offer from Canadian asset manager Brookfield.

The sale has an implied equity value of $4.375 billion.

Healthscope's Chairman, Paula Dwyer, says: "Having fully considered a range of alternatives, the Board unanimously concluded that the Brookfield Transaction is in the best interests of our shareholders.”

Under the Scheme of Arrangement, Healthscope shareholders will be entitled to $2.50 per share.

Shares in Healthscope (ASX:HSO) are trading 3.6 per cent higher to $2.44.
 

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.