Carlyle Group, TPG Capital Agree to Buy Australia's Healthscope

Carlyle Group and TPG Capital agreed to buy Australian private healthcare provider Healthscope Ltd for A$2 billion, or $1.7 billion.

Healthscope said today that shareholders should accept the cash offer of A$6.26 a share, Bloomberg News reported. The offer values the company at A$2.7 billion including debt.

The deal is Australia's largest buyout since 2002. Healthscope's cash from operations has risen fivefold in the last five years.

"They have essentially bought a dividend stream, which looks pretty good," Shane Storey, an analyst at Wilson HTM Investment Group in Brisbane told Bloomberg News.

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