If Healthscope gets taken over, the debt will get restructured and the creditors (this includes HCW) will likely take a haircut. If HCW's parent and Healthscope's suitor happen to be the same entity, ie HMC Capital, as is being speculated, one of the perks for HMC keeping it all "in house" will be no opposition to stipulating rent haircuts, as they would be both the creditor and the debtor. This is where their PE take-over "value" would arise. Guess who would be giving them this "value"? All the HCW bagholders who will be forgoing dividend payments. IMHO, this is exactly why they pulled all guidance for THIS year!
HCW Price at posting:
91.3¢ Sentiment: None Disclosure: Not Held
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