Australia’s Healius Gets $1.4B Buyout Offer

Australia’s Healius on Tuesday said private equity firm Partners  had offered to acquire the medical center operator for A$2.12 billion ($1.40 billion).

The Swiss private equity firm offered A$3.40 per share in cash, a 23.2% premium to Healius’ last closing price. 

A filing earlier in the day showed Partners bought out China’s Jangh’s 15.9% majority stake in Healius.

Jangho had previously offered to buyout Healius for A$1.7 billion or A$3.25 per share, which was rejected by the Sydney-based company, saying it was “opportunistic” and fundamentally undervalued the company.

The company said it has not yet formed a view on Partners’ offer, adding that it was also subject to six weeks of due diligence.

Full Content: Reuters

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