Healthscope buys Hunter Valley Private hospital in Australia

 19-Nov-15, The Sydney Morning Herald

Private hospital group Healthscope has acquired the 83-bed Hunter Valley Private Hospital in New South Wales for $71.3 million.

Image: The Sydney Morning Herald

Healthscope, the nation's second-biggest private hospital operator, said on Thursday that it would pay for the Shortland, NSW, site with a mix of cash and shares.

The company has issued almost 3 million shares at a price of $2.72 a share, worth $8.2 million, to fund the acquisition. The $63.1 million balance will be paid in cash. Hunter Valley Private Hospital was founded in 1965 and has expanded during the past 10 years, Healthscope said.

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 Elsevier APAC Healthcare Update