Australia's Ramsay Health Care receives proposal for Asian joint venture Ramsay and Sime Darby have also agreed to a period of exclusivity for four weeks to allow IHH to conduct due diligence and negotiate a sale and purchase agreement. Ramsay Health Care Ltd and
Malaysia-based Sime Darby
Holdings received a confidential,
non-binding proposal from IHH
Healthcare Bhd to acquire their
Asia joint venture, the Australian
hospital operator said on
Tuesday.
Under the proposal, the
indicative enterprise value for the 50-50 joint venture - Ramsay Sime Darby - was
$1.35 billion on a cash-free, debt-free basis, it said.
Ramsay and Sime Darby have also agreed to a period of exclusivity for four
