Australias Ramsay Health Care receives proposal for Asian joint venture
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
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