Ramsay lifts offer for European hospitals
Ramsay Health Care's French subsidiary has raised its bid for European private hospital operator Capio by 20 per cent to $1.28 billion.
Ramsay, which owns 50.9 per cent of Ramsay Generale de Sante, says its subsidiary lifted its cash offer to 58 Swedish krona per share from 48.5.
The company said its bid was expected to be approved by the competition regulator next week but that a proposal by Capio to sell off its French arm would, if firmed up, cause its bid to lapse.
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