Connor Healthcare makes takeover offer for New Zealand's Acurity Health

WELLINGTON Sun Jul 27, 2014 5:19pm EDT

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WELLINGTON (Reuters) - Connor Healthcare Ltd said on Monday that it would make a takeover offer for New Zealand private hospital operator Acurity Health Group Ltd ACY.NZ.

Connor, which is being joined by Austron Ltd and Evolution Healthcare Pty Ltd and already owns 70.7 percent, said it would offer NZ$6.50 a share for the rest of Acurity, a 24 percent premium to its NZ$5.25 closing price on Friday.

The offer values Acurity at NZ$112.2 million ($95.95 million).

($1 = 1.1693 New Zealand Dollars)

(Gyles Beckford)