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Archer To Pay $240M For Healthe Care

Australian private equity firm Archer Capital is acquiring Healthe Care for $240 million.

Australian private equity firm Archer Capital is acquiring Healthe Care for$240 million, Reuters reports.Theprivate hospital operator is being sold by private equity firm CHAMP Ventures.

Archer, which outbid Pacific Equity Partners (PEP) for the acquisition, was advisedby Barclays Capital, adds The Australian.Theprivately-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.

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