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.

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum