Evolution Healthcare pays $10.5 million for potential blocking stake in rival Acurity

Wed, 30 Oct 2013

By Tina Morrison Oct 30 (BusinessDesk) – Evolution Healthcare, an Australian private equity healthcare investor that owns Lower Hutt’s Boulcott Hospital, has acquired a potential blocking stake in Acurity Health Group, the owner of three rival private hospitals. Sydney-based Evolution has built an 11 percent of publicly listed Acurity, according to a substantial security holder notice to the NZX today. Investment bank Cameron & Co. helped Evolution build the stake at $5.50 a share since Friday, a 36 percent premium to Thursday’s $4.05 closing...

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