Six options appear to be available to Ramsay Health Care as it reviews its52.8% stake in European private hospital business Ramsay Santé, suggests Citi. It couldstrike a deal with Predica, the major shareholder in Santé, which has a right of firstrefusal, or it could find another buyer. Ramsay could consider an in-specie distributionof Santé shares to its own shareholders, or sell the Nordics division to recapitalizeSanté. Other options include injecting more equity into Santé, or maintaining the statusquo. "We estimate 52.8% of Ramsay Santé could be worth A$2.30-A$4.80 per Ramsay share,"analyst Mathieu Chevrier says. Citi has a neutral call on Ramsay.
Sell it and the share price will rebound with interest
RHC Price at posting:
$35.28 Sentiment: Buy Disclosure: Held
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