Seeking Alpha

Carlyle, TPG to launch $2.4B Healthscope IPO

  • Healthscope, an Australian hospital and pathology company, is likely to become Australia's third-largest IPO listing on record. The company is owned by private-equity owners Carlyle (CG) and TPG, which acquired the provider for $1.7B in 2010.
  • Carlyle and TPG are now looking to raise $2.4B for the IPO, as the private healthcare sector in Austrailia keeps growing. The number of Australians with private health insurance rose 8% annually in the last five years, increasing from 9.8M to 11M customers. One of the main factors in the increase is that the country pays a 30% rebate on private health insurance premiums.
  • The final price will be announced on July 25, and trading will begin on July 28.
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