Citi analysts think there is considerable risk that the KKR-led consortium'sattempt to buy private-hospital operator Ramsay Health Care could be blocked byAustralia's overseas investment regulator. They say in a note that the Covid-19 pandemichas proved that private hospitals are critical infrastructure. They point out that Ramsayowns about 35% of the Australian hospital market, which could lead to concerns aboutforeign ownership. Sydney Airport was recently allowed to pass to private ownership butthat was purchased by Australian funds, they note.
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