Australia’s Healthscope considering two final bids -sources

SYDNEY, July 17 (BestGrowthStock) – Australian hospital group
Healthscope (HSP.AX: ) has received final takeover bids from
private equity group Kohlberg Kravis Roberts & Co (KKR.N: ) and a
consortium of TPG [TPG.UL] and Carlyle [CYL.UL], sources close
to the deal said on Saturday.

Healthscope’s board was expected to meet at the weekend to
consider the offers for Australia’s second-largest hospital
owner with bidders expecting a response on Monday, The
Australian newspaper reported on Saturday.

Earlier indicative bids by the two parties valued
Healthscope at $1.6 billion.

A spokeswoman for the TPG consortium confirmed Friday a bid
had been lodged. Two other sources, who asked not to be named,
told Reuters KKR had also submitted a bid.

A KKR spokesman declined to comment.

Healthscope’s shares closed at A$5.41 on Friday, at a
discount to the earlier indicative bids of A$5.75 and A$5.80.

TPG and Carlyle had gone on with their bid even after
private equity firm Blackstone Group (BX.N: ) pulled out of their
consortium late on Thursday.

A spokeswoman for Healthscope declined to comment.
(Reporting by Michael Smith; editing by Balazs Koranyi)

Australia’s Healthscope considering two final bids -sources