Australian private equity firm Archer Capital is acquiring Healthe Care for $240 million, Reuters reports. The private hospital operator is being sold by private equity firm CHAMP Ventures.
Archer, which outbid Pacific Equity Partners (PEP) for the acquisition, was advised by Barclays Capital, adds The Australian. The privately-owned Healthe Care operates private surgical and rehabilitation hospitals and dedicated psychiatric hospitals in Australia.
Click here for the story from Reuters.
Click here for additional coverage from The Australian.