Australian health care company sells hospital portfolio


SYDNEY, Australia (AP) - Australian health care company Mayne Group Ltd said Tuesday it has agreed to sell its hospital portfolio for 813 Australian dollars (US$563 million) to a group of investors, including the Singapore government's GIC Special Investments Pte. 

The sale price beat earlier expectations of A$750 million (US$519 million) for Mayne's 53 private hospitals. 

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