Australia's Ramsay Health Care gets $14.8bil offer from KKR-led consortium

Earlier this year, Ramsay and Malaysia's Sime Darby Holdings received a $1.35 billion buyout offer from IHH Healthcare Bhd IHHH.KL for their Asia joint venture. Ramsay said it is still pursuing this transaction

Ramsay Health Care RHC.AX, Australia's largest private hospital operator, said on Wednesday it received a A$20.05 billion ($14.80 billion) takeover offer from a consortium led by private equity giant KKR & Co KKR.N.

The non-binding proposal of A$88 per share represents a premium of nearly 37% to Ramsay's Tuesday closing price of A$64.39.