media release
21 April 2022
HESTA part of consortium bidding for Ramsay Health Care Limited
HESTA today confirmed that it is part of a consortium led by KKR that has submitted a non-binding, indicative and conditional proposal to acquire all of the issued share capital of Ramsay Health Care Limited (“Ramsay”) by way of a scheme of arrangement.
HESTA CEO Debby Blakey said the transaction represents an exciting opportunity to invest in the future growth and success of Australia’s leading private hospital provider.
“We believe this investment has the potential to have a positive impact on patient health and wellbeing in Australia and abroad whilst helping to generate strong returns for our members.”
Ms Blakey said that central to the long-term success of this investment was continuing to enhance the high-quality patient care that Ramsay is renowned for in Australia and globally.
“Ramsay’s care-centred culture is at the heart of its business, driven by dedicated healthcare professionals who deliver outstanding patient outcomes every day. They are vital to the ongoing success of Ramsay and are at the forefront of the Consortium’s shared vision for expansion and innovation that can achieve new standards of care and an enhanced employee experience.”
This latest announcement continues the $68 billion industry fund’s strong focus on investing in healthcare, one of the fastest growing sectors of the Australian economy.
Almost a third of the Fund’s more than 900,000 members work directly in healthcare. Utilising its deep relationships built in the sector over more than 30 years, HESTA has investments in social infrastructure, early-stage biomedical development and software and digital services providers.
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