Blue Sky exits Australia's HPS via $116m trade sale
Blue Sky Alternative Investors will exit its stake in HPS, Australia’s largest provider of outsourced pharmacy services to hospitals, as healthcare business EBOS agreed to buy the asset for A$154 million ($116 million).
The private equity firm said in a statement that it would generate a net IRR in excess of 25% from the investment, which was made in July 2015. Blue Sky acquired a majority interest in HPS through a co-investment...
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