(Adds CEO quote, details, background)
Dec 13 (Reuters) - Australia's Ramsay Health Care Ltd (RHC) said on Monday it would buy UK-based mental health care provider Elysium Healthcare Ltd for 775 million pounds ($1.03 billion), as it aims to tap into Britain's mental heath market.
Elysium operates 72 sites in the UK under a partnership with Britain's state-backed NHS healthcare network.
"(The deal) will expand Ramsay's patient pathways into the £15 billion UK mental health market at a time when more and more people are seeking support for mental health, learning difficulties and neurological issues," Chief Executive Craig McNally said.
The deal is expected to deliver mid-single-digit earnings-per-share accretion in FY23, and synergies of at least 5 million pounds a year, Ramsay said.
Earlier this year, Ramsay failed https://www.reuters.com/breakingviews/uk-healthcare-ma-revolt-leaves-sickly-prognosis-2021-07-20 to buy UK-based hospital operator Spire Healthcare Group SPI.L after investors blocked the 1 billion pound takeover.
($1 = 0.7555 pounds)
News: RHC UPDATE 1-Australia's Ramsay Health to buy UK-based mental health care provider Elysium...
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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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