A KKR-led consortium, including Australian pension fund HESTA and the Abu Dhabi Investment Authority, has made an unsolicited takeover bid to the tune of $15 billion for Ramsay Health Care, an Australian multinational healthcare provider and hospital network.
Ramsay, which has reached a preliminary stage of discussions with the group, will now provide it with due diligence on a nonexclusive basis. Paul Ramsay Foundation, Ramsay's biggest shareholder, has also pledged its support for the offer.
Ramsay provides healthcare through a global network of clinical practice, teaching and research. The company’s global network extends across 10 countries, with more than 8 million admissions/patient visits to its facilities in more than 532 locations. Ramsay’s operations are split across four regions: Australia, Europe, the United Kingdom and Asia.
If successful, the takeover would represent the largest private equity–backed buyout of an Australian company, and it wo
