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Australia's Healthscope gets $3.3 billion Brookfield approach, sparking bid war hopes

Reuters  |  SYDNEY 

By Byron KayeSYDNEY (Reuters) - Canadian investment firm Brookfield Asset Management made a $3.3 billion approach for Australian hospital group Healthscope, trumping a local buyout proposal and sending shares of the target up to a two-year high on Monday.The approach, disclosed by Healthscope in a statement, sets the scene for a takeover battle for the No. 2 Australian private hospital operator which has seen its shares slide due to high debt and a shift back to public health services after a scandal in the private sector.New Australian private equity player BGH Capital, led by former ...

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First Published: Mon, May 14 2018. 11:30 IST