Healthscope buyout gets final approval

The Federal Court has given final approval to Brookfield Asset Management’s $4.4 billion buyout of private hospital operator Healthscope.

The court’s orders are expected to be lodged with the Australian Securities and Investment Commission later on Friday, making it legally effective.

Healthscope shares will also be suspended from trading from Friday, with its place in the ASX200 replaced by Cooper Energy.

Healthscope operates 43 private hospitals in Australia, as well as 24 pathology laboratories in New Zealand.

This is the second time the healthcare company has been taken private.

Private equity firms TPG Capital and The Carlyle Group bought Healthscope in 2010 and then re-listed it in 2014.

AAP

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