Deals
Tenet Eyes Healthscope Bid to Tap Growth in Australia
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Tenet Healthcare Corp. said it’s in talks about a possible purchase of Healthscope Ltd., Australia’s second-largest hospital operator, as it seeks to tap rising spending on private health care.
“Recent volatility” in the trading of Tenet prompted the company to confirm the discussions, the Dallas-based hospital operator said yesterday. Healthscope said on May 31 it received two offers at A$5.80 a share, or A$1.84 billion ($1.5 billion), after previously announcing a A$5.75-a-share bid.