Healthscope Limited (ASX:HSO) has posted a healthy debut on the Australian Securities Exchange with its stock rising more than 5 per cent on its first day of trade.
The private hospital operator’s $3.6 billion float was the largest since QR National’s $4.6 billion listing in 2010, who are now known as Aurizon Holdings Limited (ASX:AZJ)
Healthscope’s return to public ownership comes after it was de-listed from the ASX in 2010 after being acquired by a consortium of funds, led by TPG and The Carlyle Group.
The company now operates 44 private hospitals, medical centres and pathology services in Australia with more than 20,000 staff.
Healthscope listed with an issue price of $2.10, opened at $2.10 and a closed 5.24 per cent higher on its first day of trade at $2.21, giving the company a market capitalisation of $3.7 billion.