Carlyle Group, TPG Capital Agree to Buy Australia's Healthscope

Before you go, we thought you'd like these...
Before you go close icon
Carlyle Group and TPG Capital agreed to buy Australian private healthcare provider Healthscope Ltd for A$2 billion, or $1.7 billion.

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.
Read Full Story

Markets

S&P 500 2,388.61 14.46 0.61%
DJIA 20,996.12 232.23 1.12%
NASDAQ 6,025.49 41.67 0.70%
DAX 12,455.02 -12.02 -0.10%
NIKKEI 225 19,289.43 210.10 1.10%
HANG SENG 24,563.48 107.54 0.44%
USD (per EUR) 1.09 0.00 -0.03%
USD (per CHF) 0.99 0.00 0.09%
JPY (per USD) 111.44 0.40 0.36%
GBP (per USD) 1.28 0.00 -0.09%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

This Real-Life Barber May Have Inspired The Musical 'Sweeney Todd' - And His Crimes Were This Real-Life Barber May Have Inspired The Musical 'Sweeney Todd' - And His Crimes Were
Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport
This Photographer Brilliantly Documented Crime on the Mean Streets of New York City This Photographer Brilliantly Documented Crime on the Mean Streets of New York City