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Ramsay Health Care Limited (RMSYF)

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36.260.00 (0.00%)
As of 02:41PM EST. Market open.
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  • Reuters

    KKR-led $13 billion buyout of Australia's Ramsay Health collapses

    (Reuters) -A KKR & Co Inc led group has withdrawn a A$20 billion ($13 billion) bid for Australian hospital operator Ramsay Health Care after talks hit a stalemate, killing Australia's biggest deal of the year and sending the target's shares tumbling. The would-be buyers had proposed paying A$88 per share in cash for the company in April, but cut the cash component in August after Ramsay reported a worse than expected 39% slump in annual profit, blaming COVID-19-related staffing problems. Then last month Ramsay said the KKR-led group had notified it that it would not improve on what Ramsay considered a "meaningfully inferior" offer, due to the target company's weak business performance.

  • Reuters

    Ramsay Health says KKR-led group unwilling to sweeten $14.5 billion offer

    (Reuters) -A KKR-led consortium has told Australia's Ramsay Health Care it will not improve its $14.5 billion cash-and-stock offer for the hospital operator, a move that will likely put a deal on ice. Shares in Ramsay, which has flagged it is unhappy with the terms, slid more than 10% on the news. Ramsay operates healthcare facilities across 10 countries and a successful acquisition of the company would represent one of the country's largest ever private equity buyouts.