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KKR Seeks Bids for Ramsay’s $5.8 Billion Hospital Sites

  • KKR-led group circulates terms for sale-and-leaseback deal
  • Any deal could lighten consortium’s financing obligations
relates to KKR Seeks Bids for Ramsay’s $5.8 Billion Hospital Sites
Photographer: JEREMY PIPER
Updated on

A KKR & Co.-led consortium has begun soliciting investors to take over Ramsay Health Care Ltd.’s A$8 billion ($5.8 billion) real estate portfolio, as the group seeks to buy out the Australian hospitals operator, according to people familiar with the matter.

The private equity firm and its partners have sent out terms for a sale-and-leaseback deal of Ramsay’s 72 hospital sites, said the people, who asked not to be identified discussing confidential matters. KKR has reached out to pension funds and some other institutional investors, the people said.