Abano Healthcare takeover price increased

Mon, 12 Oct 2020

BGH Capital and the Ontario Teachers' Pension Plan have increased their takeover bid for Abano Healthcare to $4.75 per share due to a strong recovery in the dental group’s revenue.In August, Abano’s board unanimously backed a $4.45 per share scheme of arrangement from Bidco, the vehicle being used by BGH Capital and the Ontario Teachers' Pension Plan.This offer itself was downgraded from a $5.70 offer scrapped in March as dental practices were closed during the pandemic lockdown.Abano posted a loss of $48.7 million in the Ma...

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