Tenet could be out for Healthscope
US hospitals group Tenet Healthcare Corp. may withdraw from bidding for Australian hospitals and pathology business Healthscope Ltd., leaving competition for the A$1.84 billion ($1.56 billion) deal to the two rival private equity consortia of Kohlberg Kravis Roberts & Co. and CVC Capital Partners, and the Carlyle Group and TPG Capital.
Tenet's withdrawal apparently follows objections from Oracle Investment Managers, one of its major institutional shareholders, after a sharp fall in the company's share price on news of the bid. Larry...
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