Tenet Withdraws From Talks to Buy Australia's Healthscope
June 08, 2010
Tenet Healthcare has withdrawn from preliminary discussions to buy Healthscope, a 43-hospital Australian healthcare system, according to a release from Tenet.
Tenet cited premature disclosure of non-public information on the talks and its inability to complete the work to help shareholders understand the value of the deal.
The New York Times reports Tenet and the private equity firms Kohlberg Kravis Roberts and CVC Capital Partners were offering $1.5 billion for HealthScope.
Read Tenet's release on Healthscope (pdf).
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