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New Deal


Announced

SEK 8.187bn proposed acquisition of Capio by Ramsay Generale de Sante.

Financials

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Transaction Value£1,008m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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clinics operation

hospitals operation

Health Care Facilities

Sweden

health care services

Health Care Services

Public

Pending

Hostile

Single Bidder

Acquisition

Synopsis

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Ramsay Generale, 50.9 percent owned by Australia’s Ramsay Health Care, acquired Capio, which runs clinics and hospitals in Sweden, Norway, Denmark, France and Germany, for 58 Swedish crowns per Capio share. An initial bid of 48.50 crowns had been quickly rebuffed by Capio’s board and several of its largest investors. Ramsay said that the acquisition would bolster its core earnings per share in two to three years and that Ramsay Générale expected pre-tax synergies of about 20 million euros, the majority of which will be over the same period.

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