|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||49.73 - 49.73|
|52 Week Range||43.61 - 65.32|
|Beta (5Y Monthly)||0.41|
|PE Ratio (TTM)||44.40|
|Forward Dividend & Yield||1.10 (2.22%)|
|Ex-Dividend Date||Mar 07, 2022|
|1y Target Est||N/A|
Australia's largest private hospital operator Ramsay Health Care said on Friday its profit more than halved in the third quarter due to higher costs and disruptions from COVID-19 curbs. The company, which has been approached by a KKR & Co led group with a near-$15 billion takeover bid, posted a net profit after tax attributable to shareholders of A$42.7 billion ($30.31 billion), down 59% from a year ago. The operator of hospitals and clinics across 10 countries in three continents faced staff and clinician shortages in Australia during the January-March quarter, but those disruptions have eased with the loosening of COVID-19 curbs.
The biggest shareholder of Australia's Ramsay Health Care (RHC), which holds an 18.8% stake in the company, said it would support a near-$15 billion offer from a group led by KKR & Co. "Paul Ramsay Foundation (PRF) notes that the terms of the indicative offer would allow PRF the opportunity to retain an interest in the business built by its founder, Paul Ramsay, by taking some scrip in the bid entity," it said in a statement on Wednesday.
A group led by KKR & Co made an unsolicited near-$15 billion bid for Ramsay Health Care Ltd on Wednesday, underlining buyout funds' appetite for healthcare assets and pushing the Australian company's shares by up as much as 30%. If successful, the takeover would rank as the biggest private equity-backed buyout of an Australian company, and would be the biggest deal in Australia this year, nearly doubling activity, Refinitiv data shows. Ramsay said in a statement it would provide the KKR-led group with due diligence on a non-exclusive basis and talks were at a preliminary stage.