Archer consortium scraps bid for NZ's Abano Healthcare
A consortium of investors including Archer Capital has scrapped its bid for New Zealand's Abano Healthcare Group. The group, which also featured Healthcare Industry Limited (HIL) and Steamboat Capital, cited a downgrade in the company's forecast profit revealed at its annual meeting on Tuesday.
Founded in 1999, Abano is New Zealand's first major publicly-listed investor and operator in the private healthcare market in New Zealand, Australia and Southeast Asia. It became the target of an unsolicited...
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