Ramsay Heath Care’s £2.50 per share all-cash bid for Spire Healthcare appears set to fail, with two key investors still voting against the deal, leaving the Australian private hospitals owner to rethink its next move in the UK.
Ramsay needs 75 per cent of shares that vote and 50 per cent of shareholders to support the merger, which was recommended by Spire’s board.
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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
