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Reuters
Reuters
Business

Australia's Healius gets $1.4 billion buyout offer from Swiss private equity Partners Group

Australia's Healius Ltd <HLS.AX> on Tuesday said private equity firm Partners Group <PGHN.S> had offered to acquire the medical centre operator for A$2.12 billion ($1.40 billion).

The Swiss private equity firm offered A$3.40 per share in cash, a 23.2% premium to Healius' last closing price.

A filing earlier in the day showed Partners bought out China's Jangho Group Co Ltd's <601886.SS> 15.9% majority stake in Healius.

Jangho had previously offered to buyout Healius for A$1.7 billion or A$3.25 per share, which was rejected by the Sydney-based company, saying it was "opportunistic" and fundamentally undervalued the company.

The company said it has not yet formed a view on Partners' offer, adding that it was also subject to six weeks of due diligence.

Healius' share had jumped nearly 24% in 2019.

(Reporting by Shriya Ramakrishnan in Bengaluru, editing by Louise Heavens)

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