Paul Ramsay, Billionaire Private-Hospital Operator, Dies

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Paul Ramsay, the billionaire health-care provider who built his business from a single psychiatric institution in Australia into a network of private hospitals in five countries, has died. He was 78.

Ramsay died overnight in his home town of Bowral in New South Wales state after recently suffering a heart attack, Ramsay Health Care Ltd. said in a statement.