Herbert Smith Freehills Kramer (HSF Kramer) is pleased to be advising Ramsay Health Care Limited (Ramsay Health Care) on its proposed $251 million acquisition of the assets and operations of National Capital Private Hospital (National Capital) from certain Healthscope Group entities.
National Capital is located in the Canberra suburb of Garran and is co-located with the public Canberra Hospital and adjacent to the Australian National University Medical School. The hospital has 8 theatres, 1 cath lab, 148 beds, an intensive care unit and a coronary care unit enabling the servicing of a higher acuity patient mix.
The HSF Kramer team was led by Partner Nicole Pedler and Senior Associates Caitlin Walker and Nick Venn, with Partners Liza Carver and Stephanie Panayi advising on competition aspects and Partner Kwok Tang advising on transitional arrangements. They were supported by Senior Associate Jennifer Catterson and Solicitors Josephine Fenn and Eric Kong.
HSF Kramer partner Nicole Pedler said, "We are proud to have supported Ramsay Health Care on this strategic acquisition, which demonstrates the successful execution of Ramsay Health Care's strategy. We look forward to working with the Ramsay Health Care team toward completion of this strategic milestone."
This transaction is another example of HSF Kramer's market-leading work in Australian M&A. Other recent examples include advising:
- BlackRock on its acquisition of StoreLocal
- AGL on the sale of its stake in Tilt Renewables for A$750 million
- Sayona Mining on its proposed $850m all-stock merger with Piedmont Lithium Inc and institutional placements
- Kinetic and its management team on the sale of a majority take to TPG
- Apiam Animal Health on its acquisition by Adamantem Capital
- One Investment Management on its proposed A$3.3 billion acquisition of Insignia Financial as part of a consortium including CC Capital
- Dropsuite on its A$420 million acquisition by NinjaOne
- MA Financial on its acquisition of specialist real estate investment manager IP Generation
- Chemist Warehouse on its A$34 billion merger with Sigma Healthcare
- Weir on its A$1.35 billion (£657 million) acquisition of mining software provider, Micromine
- The Carlyle Group Inc. on its acquisition of Waste Services Group
- Healius Limited on the sale of Lumus Imaging to Affinity Equity Partners for A$965 million