New Zealand's Infratil Ltd said on Friday it was in talks to buy a majority stake in Qscan Radiology Clinics in Australia from Quadrant Private Equity, in a deal that a local media outlet said could be around $498 million.
The infrastructure investment firm said it was working with a consortium and would use existing bank facilities to fund the potential deal.
The Australian Financial Review's "Street Talk" column reported https://www.afr.com/street-talk/infratil-in-final-stages-at-quadrant-s-qscan-20201022-p567p9 that an offer of around A$700 million ($497.98 million) was made by Infratil and that Ramsay Health Care was also in contention for Qscan.
Qscan, Quadrant Private Equity and Ramsay did not immediately respond to a Reuters request for comment.
Infratil said discussions were ongoing.
($1 = 1.4057 Australian dollars)
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Devika Syamnath)
