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Healthscope Ltd (HSO) Shareholders Receive Another Takeover Offer

Healthscope Ltd (ASX: HSO) shareholders received a boost on Wednesday when a second takeover offer came in from Brookfield Asset Management Inc.

Healthscope is the second biggest private hospital business in Australia and Brookfield is a global alternative asset manager with around US$285 billion in assets in management.

There is currently two takeover offers on the table for Healthscope. One offer from a consortium led by AustralianSuper and BGH Capital is for $2.36 per share and the new offer from Brookfield.

We covered the AustralianSuper led offer in more detail here: Is AustralianSuper & PE About To Buy Healthscope Ltd?

The Brookfield offer is $2.50 cash per share, which it said was a 23% premium to Healthscope’s closing price before the AustralianSuper consortium bid.

Brookfield is offering existing Healthscope shareholders an opportunity to invest alongside Brookfield in a privatised Healthscope as a significant minority position.

The proposal by Brookfield is subject to a number of conditions like due diligence, arranging debt finance for the purchase, approval by Brookfield’s investment committee, receiving all necessary regulatory approvals and a “level playing field condition”.

The Healthscope share price is up 2.8% since last Friday according to Google Finance.

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