TPG, Carlyle win bid for Australian Healthscope at $1.7 billion
SYDNEY |
SYDNEY (Reuters) - Private equity firms TPG TPG.UL and Carlyle CYL.UL have won a bid for Australian hospitals operator Healthscope Ltd HSP.AX at $1.73 billion, topping an offer from Kohlberg Kravis Roberts & Co (KKR.N), a source close to the deal said on Monday.
TPG and Carlyle's final offer was A$6.26 a share, worth A$1.99 billion, or a 16 percent premium to Healthscope's close on Friday, the source said.
Earlier indicative bids from the two parties were pitched at A$5.75 a share and A$5.80 a share.
TPG and Carlyle went ahead with their bid even after private equity firm Blackstone Group (BX.N) pulled out of their consortium last Thursday, ahead of Friday's bid deadline.
Healthscope is expected to make an announcement on the bids before the Australian share market open at 8:00 p.m. EDT.
(Reporting by Michael Smith; editing by Balazs Koranyi)
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