Ramsay Health Care: Receives alternative takeover bid after KKR withdraws from initial offer

Ramsay Health Care Receives alternative takeover bid after KKR withdraws from initial offer

• Ramsay Health Care (RHC) receives an alternative takeover proposal from a consortium of investors led by KKR, after it withdrew its initial proposal
• The alternative offer is not dependent on receiving access to Ramsay Sante due diligence information, which was a requirement to progress the initial proposal
• The board believes this offer is inferior to the initial offer and has thereby decided to not progress the alternative offer any further
• However, it is continuing to engage with consortium to potentially strike an improved proposal
• Shares are down 3.15 per cent to $70.62 each at market close