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Bridget Carter

BGH takes new $4.1bn tilt at Healthscope

Bridget Carter
BGH has returned to make a new bid for Healthscope.  Picture: Luis Enrique Ascui.
BGH has returned to make a new bid for Healthscope. Picture: Luis Enrique Ascui.

BGH Capital and backers including Australian Super have made a second attempt to buy Healthscope, offering the same amount in cash they did when they made a play for the company earlier this year.

The bid values the company at $2.36 per share, or around $4.10 billion.

The price is a 32 per cent premium to Healthscope’s last closing share price - a higher premium to when the suitors bid for the company several months ago.

It is understood Ellerston Capital, which controls about 10 per cent of the company, supports Healthscope’s board offering the BGH consortium due diligence, sources said.

BGH Capital and its backers are understood to be re-bidding for Healthscope after being approached by shareholders urging the consortium to embark on the move.

It comes as Healthscope - the country’s second largest private hospital operator - has a sale underway for a 49 per cent stake in its property portfolio through investment bank UBS.

Bridget Carter
Bridget CarterDataRoom Editor

Bridget Carter has worked as a writer and editor for The Australian’s DataRoom column since it was launched in 2013, focusing on capital markets, mergers and acquisitions, private equity and investment banking. She has been a journalist for more than 18 years, covering a broad range of events and topics, including high profile court cases and crimes, natural disasters, social issues and company news.

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Original URL: https://www.theaustralian.com.au/business/dataroom/bgh-takes-new-41bn-tilt-at-healthscope/news-story/411b764fd555d2446d20114e2ac2ab9c