Australia’s Evolution Healthcare pays premium to buy stake in rival Acurity Health

Fri, 25 Oct 2013

By Tina Morrison Oct. 25 (BusinessDesk) – Evolution Healthcare, the Australian private equity healthcare company which owns Boulcott Hospital in Lower Hutt, is buying shares in Acurity Health which owns rival Wakefield Hospital. Shares in private hospital group Acurity Health jumped 36 percent to an 11-month high as about 3.8 percent of the stock changed hands at $5.50. Evolution Healthcare “is obviously trying to buy a large stake in Acurity Health,” said Bryon Burke, head of equities at Craigs Investment Partners. Burke said Evolution was...

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