FIRB takeover of health provider Healthscope

The Foreign Investment Review Board (FIRB) has approved the takeover of health provider Healthscope Ltd by private equity firms The Carlyle Group and TPG Capital.

On Tuesday, Healthscope said the FIRB had notified it that the federal government had no objection in terms of foreign investment policy to the consortium's proposal to buy 100 per cent of the private hospitals and pathology operator.

The US-based equity firms have proposed a $2.7 billion takeover of Healthscope.

 

Source: The Australian