Opinion: In sickness and in wealth - why healthcare is the new black for investors | EKnightOfficial
and now the proposal to buy the country’s largest private hospital group Ramsay Health — were developed during the fog of COVID.for Ramsay from private equity giant KKR which was confirmed on Wednesday was the culmination of a courting ritual between the parties spanning more than a year.
Perversely, while these assets in the healthcare and infrastructure sectors were disproportionately impacted by COVID, their appeal to investors is their usual earnings-certainty profile. And as Western populations, in particular, become more affluent, an increasing proportion of their money is spent on healthcare and on lucrative elective procedures.The additional sweetener for KKR lies in Ramsay’s extensive property portfolio, given most hospitals are owned rather than leased. Liberating this property would give KKR the opportunity for selling the land into a trust and having the hospitals run by an operating company.
The proposal from KKR is confirmed but is not yet a formal offer. However, Ramsay has given this suitor due diligence which suggests the $88 per share offer is in the ballpark.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why America overlooks those most hurt by gun violence: ‘Black people are seen as expendable’Henrika McCoy, an expert on victimization, says timeworn stereotypes prevent real understanding of violent crime in the US
Read more »
What’s the real reason why Black celebs are still so angry with Will Smith? | Tayo BeroTry as you might to be perfect, there’s no grace for Black people who mess up
Read more »
KKR lobs $20b takeover bid for private hospital giant RamsayThe multibillion private hospital operator has confirmed it has received an $88 per share takeover offer from a consortium led by the US buyout firm.
Read more »
'Absolutely bewildering': Australian refugee advocates take aim at UK-Rwanda asylum seeker dealAustralian refugee advocates have expressed their disappointment over the UK's deal with Rwanda, which will leave thousands of asylum seekers in offshore processing.
Read more »
How the COVID response model could ease healthcare issues in rural areasDuring the COVID pandemic, allied health staff like physiotherapists, speech pathologists, psychologists and occupational therapists stepped into COVID frontline work. Senior rural doctors say the model could be the future of healthcare in rural Australia.
Read more »
‘Birthing while Black’ is a national crisis for the US. Here’s what Black lawmakers want to do about itFor Black women in Congress, maternal mortality hits close to home
Read more »