Hot Shares Healthscope (HSP)

Hot Shares 14 May 2010

Australian stock Healthscope (HSP) is the second largest private hospital provider, operating pathology businesses and medical centres in Australia and Asia.

HSP has received a $5.50 takeover offer from private equity consortium, Carlyle and TPG.

The offer values HSP at $1.74 billion, representing a 22% premium to yesterday’s closing price of $4.50.

HSP has recommended that its shareholders take no action in regards to the offer.

The HSP bid is interesting in that it could open the door for more private equity bids, especially now that credit markets have begun to thaw.

Australian share price for HSP skyrocketed more than 17% and last closed at $5.28.