Ramsay Health Care Ltd has completed its acquisition of French private hospital operator Groupe Proclif SAS (Proclif). Australia's largest private hospital operator agreed to acquire 57% stake in Proclif for $142 million in January this year. Predica, a personal insurance subsidiary of Credit Agricole, holds the remaining 43%t. Ramsay will work with Predica to grow a quality portfolio of hospitals in the French acute care sector.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...