UPDATE: Major Acurity shareholders launch all-cash takeover bid

Mon, 28 Jul 2014

(Adds Mark Stewart comment, share price) By Paul McBeth July 28 (BusinessDesk) - The three biggest shareholders of Acurity Health Group have launched a cash takeover bid for the 29 percent they don't own, valuing the private hospital operator at $112.2 million, saying the firm faces a big struggle lifting its flagship Wellington hospital up to earthquake code. The shares rose to the offer price. Connor Healthcare, an entity set up by principal shareholders the Stewart family, Royston Hospital Trust Board, and Evolution Healthcare, are...

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