Australian Hospital Operator Healthscope Goes Public
July 29, 2014
Healthscope priced its shares at AU$2.10 ($1.97) and went public under the symbol HSO on the ASX, raising AU$2.25 billion ($2.1 billion). Healthscope operates over 4,500 inpatient beds in 33 hospitals, four dedicated mental health hospitals and four rehabilitation facilities across Australia. TPG Capital and The Carlyle Group took the company private in 2010 for AU$2 billion ($1.9 billion); their stakes will decline to a reported 38%. Healthscope's shares closed at AU$2.21 ($2.08) on the first day of trading, up 5.2%.