Australia’s Healthscope Considering Two Final Bids

(Reuters) – Australian hospital group Healthscope (HSP.AX) has received final takeover bids from private equity group Kohlberg Kravis Roberts & Co (KKR.N) and a consortium of TPG [TPG.UL] and Carlyle [CYL.UL], sources close to the deal said on Saturday.

Healthscope’s board was expected to meet at the weekend to consider the offers for Australia’s second-largest hospital owner with bidders expecting a response on Monday, The Australian newspaper reported on Saturday.

Earlier indicative bids by the two parties valued Healthscope at $1.6 billion.

A spokeswoman for the TPG consortium confirmed Friday a bid had been lodged. Two other sources, who asked not to be named, told Reuters KKR had also submitted a bid.

A KKR spokesman declined to comment.

Healthscope’s shares closed at A$5.41 on Friday, at a discount to the earlier indicative bids of A$5.75 and A$5.80.

TPG and Carlyle had gone on with their bid even after private equity firm Blackstone Group (BX.N) pulled out of their consortium late on Thursday.

A spokeswoman for Healthscope declined to comment. (Reporting by Michael Smith; editing by Balazs Koranyi)