HESTA confirms consortium bid for Ramsay Health

HESTA has confirmed that it is part of a KKR-led consortium to acquire Ramsay Health Care.

The transaction, said HESTA CEO Debby Blakey, represents an exciting opportunity to invest in the future growth and success of Australia’s leading private hospital provider. 

“We believe this investment has the potential to have a positive impact on patient health and wellbeing in Australia and abroad whilst helping to generate strong returns for our members.”

Blakey said that central to the long-term success of this investment was continuing to enhance the high-quality patient care that Ramsay is renowned for in Australia and globally.

“Ramsay’s care-centred culture is at the heart of its business, driven by dedicated healthcare professionals who deliver outstanding patient outcomes every day. They are vital to the ongoing success of Ramsay and are at the forefront of the Consortium’s shared vision for expansion and innovation that can achieve new standards of care and an enhanced employee experience.” 

This latest announcement continues the $68 billion industry fund’s strong focus on investing in health care. Almost a third of the fund’s more than 900,000 members work directly in health care.

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