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IHH Healthcare mulls A$5bn bid for private equity-backed Healthscope

11 Mar 2014

hospital healthcare medical IV i-v dripAsian hospital operator IHH Healthcare is reportedly considering making a A$5bn offer for private equity-backed Australian healthcare group Healthscope.

Healthscope’s owners, private equity firms TPG Group and Carlyle, have put their plans to sell the business on hold and will start taking offers in April, according to Reuters.

The company’s operating business excluding its hospital properties could be valued at A$4bn, said the report.

IHH is backed by Malaysia’s sovereign wealth fund Khazanah Nasional, which holds a 44 per cent stake.

Earlier rpeorts said that TPG and Carlyle hired banks Macquarie and UBS to act as global coordinators for the sale of the company.

The two private equity firms bought Healthscope in July 2010 in a deal that valued the company at A$2.7bn ($2.35bn).

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