Tweaked Connor ownership soothes regulator's concerns in Acurity takeover

Fri, 19 Dec 2014

By Paul McBeth Dec. 19 (BusinessDesk) - The Commerce Commission has signed off a takeover bid for Acurity Health Group by its three biggest shareholders after tweaks to the holding company ownership structure soothed the competition regulator's concerns the deal would reduce competition in Wellington's private hospital market. The regulator today cleared Connor Healthcare to buy the shares in Acurity it didn't already own, meaning the takeover has crossed its final hurdle. Connor is made up of Sydney-based Evolution Healthcare, which sepa...

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