It’s down to three in the waiting room for Cura Day Hospitals with binding offers due to be submitted to sell-side adviser Citi by December 5, Street Talk understands.
London-listed buyout giant Intermediate Capital Group, Switzerland’s Partners Group and a Medibank/Macquarie consortium are jostling for the doctor-owned day surgery network. Cura makes $40 million a year at the earnings line and is slated to fetch $500 million-plus for its owner – Frankfurt-listed healthcare giant Fresenius Medical Care.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
