Healthscope buys Hunter Valley Private

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Private hospital group Healthscope has issued almost 3 million shares as it prepares to buy Hunter Valley Private Hospital in New South Wales.

The company has issued 2.999 million shares at a price of $2.72 per share, worth $8.2 million, as part of the $71.3 million acquisition.

The remaining $63.1 million will be paid in cash.

Following the acquisition, Healthscope, the nation’s second biggest private hospital operator, will oversee 46 hospitals throughout Australia.

“The hospital will complement Healthscope’s existing portfolio in New South Wales,” the company said in a statement.

Hunter Valley Private Hospital is an 83-bed facility located in Shortland, New South Wales.

It was established in 1965 and has expanded over the last ten years, Healthscope said.

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