(Adds statement from IHH Healthcare)
March 22 (Reuters) - Ramsay Health Care Ltd (RHC) and Malaysia-based Sime Darby Holdings have received a $1.35 billion buyout offer from IHH Healthcare Bhd IHHH.KL for their Asia joint venture, the Australian hospital operator said on Tuesday.
The proposal gives Ramsay Sime Darby an indicative enterprise value of 5.67 billion ringgit ($1.35 billion) on a cash-free, debt-free basis, Ramsay Health Care said.
Sime Darby and Ramsay Health Care own 50% each in healthcare firm Ramsay Sime Darby.
IHH Healthcare, Asia's largest private healthcare group, confirmed the conditional, non-binding proposal in a separate statement https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=124422&name=EA_GA_ATTACHMENTS, saying the talks were in preliminary stages and that there was no certainty the deal would materialise.
Ramsay and Sime Darby have agreed to a period of exclusivity for four weeks to allow Malaysia's IHH to conduct due diligence and negotiate a sale and purchase agreement, Ramsay said https://www.ramsayhealth.com/-/media/Documents/RHC/Investor/2022/Market_Briefings_22032022.ashx.
Shares of Ramsay Health Care rose as much as 2.6%, while those of IHH Healthcare inched higher.
($1 = 4.2120 ringgit)
News: RHC UPDATE 1-Malaysia's IHH Healthcare offers $1.35 bln for Ramsay-Sime Darby JV
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Last
$33.57 |
Change
0.220(0.66%) |
Mkt cap ! $7.748B | |||
| Open | High | Low | Value | Volume |
| $33.28 | $34.04 | $33.15 | $24.52M | 727.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2236 | $33.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.68 | 1944 | 1 |
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| RHC (ASX) Chart |