Healthscope in $550M deal to sell NZ pathology business

Healthscope in $550M deal to sell NZ pathology business
Rebecca Howard
Australia’s Healthscope has inked a deal to sell its New Zealand pathology business to the NZ Super Fund and Ontario Teachers’ Pension Plan Board for more than $550 million. The two pension funds will each take a 50 percent stake in the Asia Pacific Healthcare Group. The deal is subject to customary approvals, including a green light from the NZ Overseas Investment Office, with competition expected in the next six months. APHG provides pathology services to 75 percent of NZ’s population with more than 2,000 staff operating across its netw...

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