HESTA part of consortium bidding for Ramsay Health Care

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Superannuation fund HESTA is part of a consortium led by private equity firm KKR that has submitted a $20 billion proposal to acquire Ramsay Health Care.

HESTA is a superannuation fund for the health and community services sector.

CEO Debby Blakey said the transaction represents an opportunity to invest in the future growth and success of Australia’s leading private hospital provider.

“We believe this investment has the potential to have a positive impact on patient health and wellbeing in Australia and abroad whilst helping to generate strong returns for our members,” she said.

Ms Blakey said that central to the long-term success of this investment was continuing to enhance the high-quality patient care that Ramsay is renowned for in Australia and globally.

“Ramsay’s care-centred culture is at the heart of its business, driven by dedicated healthcare professionals who deliver outstanding patient outcomes every day. They are vital to the ongoing success of Ramsay and are at the forefront of the Consortium’s shared vision for expansion and innovation that can achieve new standards of care and an enhanced employee experience.”