Allied Medical talks complicate Healthscope situation
The $1.6 billion takeover bid for Australian private hospital and pathology operator Healthscope by a consortium of the Blackstone Group, the Carlyle Group, and TPG Capital, with a rival bid from Kohlberg Kravis Roberts & Co., has been complicated by Healthscope's own talks to buy or partner with Allied Medical Group, a thriving chain of 17 clinics in Melbourne and Brisbane valued at A$100-200 million ($88.3-177 million).
Allied Medical is owned by controversial, de-registered medical practitioner Geoffrey Edelsten and his partner Trevor Thompson. The willingness of either of the private equity groups to countenance Healthscope’s...
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