Shares in Healthscope Ltd hit a high of $5.28 last week on the ASX, when news broke about a possible takeover. Healthscope released a statement confirming that they have received a AUD$5.50 a-share takeover offer from a private equity consortium. This values the private hospital and pathology operator at AUD$1.74 billion. Melbourne based Healthscope have recommended that shareholders take no immediate action and said it would make a further announcement to the market "in due course".
$36M Resthaven Bellevue Heights redevelopment in Adelaide opens doors
The South Australian Not For Profit provider has opened Stage 2 of the redevelopment of Resthaven Bellevue Heights in Mitcham, 7km south of Adelaide’s CBD.