The boss of HESTA says the superannuation giant wants a long-term stake in Ramsay Health Care and is confident of delivering for investors after confirming it has joined the $20 billion bid for the private health operator.
The private hospital operator has received an $88 a share offer from a KKR-led consortium that includes the healthcare super fund HESTA,
It is no coincidence that the two biggest buyout deals in Australian history were developed during the fog of COVID.
Catholic Health Australia and Uniting Care have told a Federal Parliamentary inquiry they cannot afford the multi-million dollar costs of implementing the government’s proposed cyber security measures.
No debt and a focus on innovation has allowed software medical imaging company,Pro Medicus,to expand globally,turning its founders into billionaires.
Australia’s largest private hospital operator navigates the next stage of the pandemic as COVID-induced shortages of medical staff are felt across all its markets.
Shareholders of Ramsay’s takeover target have rejected its advances,but the Aussie hospital operator’s share price has stayed strong.
The boss of the nation’s largest private hospital operator says “the planets have aligned” on an acquisition target that it has watched for 10 years.
The private hospitals sector,which employs tens of thousands of healthcare workers,says it still wants to take control of vaccines for its staff.
Ramsay Health Care boss Craig McNally says with the pressures on health systems likely to continue for the next decade,public-private collaboration will become more important.
Ramsay Health Care investors have demanded answers from management about when dividend payments will resume but company executives have said COVID-19 conditions make the future outlook unclear.