Carlyle Group, TPG Capital Agree to Buy Australia's Healthscope
Healthscope said today that shareholders should accept the cash offer of A$6.26 a share, Bloomberg News reported. The offer values the company at A$2.7 billion including debt.
The deal is Australia's largest buyout since 2002. Healthscope's cash from operations has risen fivefold in the last five years.
"They have essentially bought a dividend stream, which looks pretty good," Shane Storey, an analyst at Wilson HTM Investment Group in Brisbane told Bloomberg News.