Brookfield Business Partners to acquire Healthscope for approximately $4.1B

Brookfield Business Partners, together with institutional partners, is pleased to announce that it has reached an agreement to acquire up to 100% of Healthscope Limited for approximately $4.1B. Healthscope is the second largest private hospital operator in Australia and the largest pathology services provider in New Zealand. The transaction will be funded with up to $1B of equity, $1.4B of long-term financing and $1.7B from the sale and long-term leaseback of 22 wholly-owned freehold hospital properties. Brookfield Business Partners expects to fund approximately one third of the equity, with the balance being funded by institutional partners. Prior to or following closing, a portion of Brookfield Business Partners’ commitment may be syndicated to other institutional investors. Closing of the transaction remains subject to necessary shareholder and court approvals, as well as customary closing conditions including, among others, regulatory approvals. Closing is expected to occur in the second quarter of 2019.
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