RAMSAY SANTE :Update on the indicative offer received by Ramsay Health Care Limited
August 26 2022 - 2:21PM
RAMSAY SANTE :Update on the indicative offer received by Ramsay
Health Care Limited
PRESS RELEASE
Paris, August 26th 2022
Update on the indicative offer received
by Ramsay Health Care Limited
On 20 April 2022, Ramsay
Générale de Santé noted the announcement by Ramsay Health Care
Limited, its Australian reference shareholder listed on the Sydney
Stock Exchange, that it had received a conditional non-binding
indicative proposal from a consortium of financial investors led by
KKR to acquire 100% of the share capital of Ramsay Health Care
Limited by way of a scheme of arrangement.
On 25 August 2022, Ramsay
Générale de Santé relayed the information published by Ramsay
Health Care Limited that the consortium had confirmed the terms of
its indicative offer, which nevertheless remained subject to
certain conditions, including the completion of audits relating to
Ramsay Health Care Limited and access to non-public information
concerning Ramsay Générale de Santé. The consortium made a request
for access to this information on 28 July 2022 and the Board of
Directors of Ramsay Générale de Santé responded on 5 August 2022 by
requesting that the consortium provide information customary in
such circumstances in order to be able to assess this request.
On 26 August 2022, Ramsay
Health Care Limited issued a statement indicating that it had
received a further letter from the consortium informing it that the
consortium was withdrawing its initial indicative offer to acquire
100% of the share capital of Ramsay Health Care Limited for cash
and was no longer seeking access to Ramsay Health's non-public
information.
The announcements state that the consortium has
proposed an alternative structure to Ramsay Health Care Limited
under which Ramsay Health Care Limited shareholders would receive,
for their first 5,000 shares, a cash price of A$88 per share and,
in excess of the first 5,000 shares, a cash price of A$78.20 and
approximately 0.22 of a Ramsay Générale de Santé share, for each
Ramsay Health Care Limited share.
Ramsay Health Care Limited’s announcements also
state that the alternative proposal was considered by the Ramsay
Health Care Limited Board to be meaningfully inferior to the
initial indicative offer and that the Board determined not to
engage further in relation to the alternative proposal. Ramsay
Health Care Limited has indicated that it remains open to
discussions with the consortium to determine whether it can submit
an improved binding proposal that is capable of recommendation by
its board.
The full press releases issued by Ramsay Health
Care Limited can be viewed on the Ramsay Health Care Limited
website (www.ramsayhealth.com).
About Ramsay
Santé
Ramsay Santé is the leader in private
hospitalisation and primary care in Europe. The Group has 36,000
employees and works with nearly 8,600 practitioners to treat more
than 9 million patients per year in its 350 facilities and 5
countries: France, Sweden, Norway, Denmark and Italy.
Ramsay Santé offers almost all medical and
surgical specialities in three domains: Medicine, Surgery,
Obstetrics (MSO), Follow-up Care and Rehabilitation (FCR) and
Mental Health. In all its territories, the Group contributes to
public service health undertakings and providing proximity care, as
in Sweden where the group has more than a hundred local health
centres. Safe, quality care is the Group's priority in all the
countries where it operates. This is what has made it a reference
in state-of-the-art medicine, particularly in outpatient surgery
and enhanced recovery after surgery (ERAS). The Group also invests
more than €200 million every year in its facilities, whether in new
surgical and imaging technologies or in the construction and
modernisation of facilities. To best serve patient interests, it
innovates constantly with new digital tools and by developing its
organisations to improve efficiency of care.
Facebook : https://www.facebook.com/RamsaySanteInstagram :
https://www.instagram.com/ramsaysanteTwitter :
https://twitter.com/RamsaySanteLinkedIn :
https://www.linkedin.com/company/ramsaysanteYouTube :
https://www.youtube.com/c/RamsaySante
Code ISIN and Euronext
Paris : FR0000044471Site
Internet : www.ramsaygds.fr
Investor / Analyst
Relations Press
Relations
Jérôme
Brice Brigitte
CachonTel. +33 1 87 86 21
88 Tel. +33 1 87 86
22
11Jerome.brice@ramsaysante.fr brigitte.cachon@ramsaysante.fr
- Ramsay Santé - Update on the indicative offer received by
Ramsay Health Care Limited
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