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Singapore-listed IHH eyes $5.7b bid for Australia healthcare firm: source

Published on Mar 11, 2014 4:12 PM

SYDNEY (Reuters) - IHH Healthcare, Asia's largest hospital operator by market value, is considering making a A$5 billion (S$5.7 billion) offer for Australian healthcare firm Healthscope, a person familiar with the matter told Reuters on Tuesday.

The purchase would mark Malaysian-based IHH's first foray into Australia, where demand for healthcare services is growing rapidly due to an ageing population. It would also offer a swift and lucrative exit for United States buyout firms TPG and Carlyle Group, which paid A$1.99 billion for Healthscope in 2010.

Healthscope executives and lead bankers Macquarie Group and UBS AG recently met potential buyers in Asia, the person familiar with the matter said, adding that TPG and Carlyle had set a deadline for indicative bids in April.

TPG and Carlyle are also considering taking Healthcare public, said the person who declined to be identified due to the confidentiality of the process.

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