Ramsay Health Care boss Craig McNally will ponder his next move in the UK - which could include applying to the Takeover Panel- after the planned £2.11 billion ($3.93 billion) deal to buy rival private hospitals operator Spire Healthcare fell short at Monday’s scheme meeting.
Spire said late on Monday night (AEST) that the total votes in favour reached 69.88 per cent, below the minimum threshold of 75 per cent needed to approve the acquisition by Ramsay, confirming The Australian Financial Review’s earlier report.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
