Newspaper article The Observer (Gladstone, Australia)

Healthscope Shares Up

Newspaper article The Observer (Gladstone, Australia)

Healthscope Shares Up

Article excerpt

SHARES in Healthscope Ltd soared after the private hospitals and pathology provider said it had received a $1.74 billion takeover proposal from a private equity consortium.

Healthscope shares surged 78 cents, or 17.33 per cent, to $5.28 by 1458 on Friday. Healthscope said the consortium was offering $5.50 per share for all of the company's issued capital.

Healthscope said it had received the indicative, non-binding and confidential proposal to acquire all of the issued capital of Healthscope via a scheme of arrangement, after the market had closed on Thursday.

"The Healthscope board has not formed a view with respect to the proposal and recommends shareholders take no action at this time," the company said in a statement.

"Healthscope will make a further announcement in due course."

A spokesperson for Healthscope said the company could not supply more details at this stage.

Wilson HTM healthcare analyst Shane Storey said $5. …

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