26-Apr-18, Reuters
Australian hospital operator Healthscope has received a AUD3.1 bn buyout approach from a new but high-profile domestic private equity firm and its consortium partners just four years after listing.
Image: Reuters / Mick Tsikas
The indicative offer - one of the highest for an Australian firm in the past year - is an audacious debut for BGH Capital, named after ex-Macquarie banker Robin Bishop, and Ben Gray and Simon Harle, who used to lead the Australian team at TPG Capital Management.
It may also be attractive for Healthscope which has seen its shares hurt by high debt and a shift back to public health services after a scandal in the private health sector.