(Reuters) – Australian firm Ramsay Healthcare mentioned on Friday it had acquired quite a few non-binding indicative provides for its healthcare three way partnership with Malaysian group Sime Darby.
Australia’s largest non-public hospital operator didn’t disclose the names of the bidders, however mentioned a choose variety of events had been conducting due diligence, which is anticipated to conclude in direction of the tip of October.
Earlier this week, Reuters reported that Australian funding financial institution Macquarie and Malaysian hospital chain Columbia Asia had been among the many bidders for the unit.
Bloomberg had beforehand reported {that a} unit of Kuala Lumpur-listed Sunway Bhd was additionally among the many shortlisted bidders alongside Columbia Asia and Macquarie.
Ramsay declined to touch upon the names of the bidders when contacted by Reuters.
In June, Ramsay and Sime Darby introduced their plan to promote Ramsay Sime Darby Healthcare (RSD) in a deal that would worth the Asia-focused three way partnership at 6 billion ringgit ($1.28 billion).
“If the sale proceeds, the funds acquired shall be used to repay the withdrawn money owed,” Ramsay mentioned, including that there was no certainty the sale would consequence within the deal being accomplished.
The corporate expects to announce the outcomes of the sale earlier than its annual normal assembly on November 28.
($1 = 4.6790 ringgit)
(Reporting by Aishwarya Nair in Bengaluru; Modifying by Subhanshu Sahoo)