Brookfield’s PE group closes $4.1 bln acquisition of Healthscope

The private equity group of Brookfield Asset Management has closed its take-private acquisition of Healthscope Ltd, a Melbourne, Australia-based private hospital operator.

The deal, announced earlier this year, is valued at about $4.1 billion (A$4.4 billion).

Brookfield topped an offer from a consortium led by Australian private equity firm BGH Capital. Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan were reportedly partnering with BGH.

Toronto-based Brookfield is currently raising its fifth mid-market private equity fund.

PRESS RELEASE

Brookfield Business Partners Completes Acquisition of Healthscope

BROOKFIELD NEWS, June 06, 2019 (GLOBE NEWSWIRE) — Brookfield Business Partners L.P. (BBU) (BBU-UN.TO) (“Brookfield Business Partners”) together with its institutional partners, today announced that it has closed the previously announced acquisition of Healthscope Limited, the second largest private hospital operator in Australia and the largest pathology services provider in New Zealand, for approximately $4.1 billion.

Brookfield Business Partners is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Brookfield Business Partners is listed on the New York and Toronto stock exchanges. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.

Brookfield Business Partners is the flagship listed business services and industrials company of Brookfield Asset Management Inc. (BAM)(BAM-A.TO)(BAMA.NX), a leading global alternative asset manager with more than US$365 billion of assets under management. For more information, please visit our website at https://bbu.brookfield.com

Media

Claire Holland
Brookfield Business Partners
Tel: (416) 369-8236
Email: claire.holland@brookfield.com

Investor Relations

Alan Fleming
Brookfield Business Partners
Tel: (212) 618-3457
Email: alan.fleming@brookfield.com