Australia
Herbert Smith Freehills Melbourne partners Baden Furphy and Richard Loveridge are advising Australia’s second-largest private hospital operator, Healthscope Ltd., on its upcoming $2.4 billion initial public offering. Healthscope operates 44 hospitals in Australia, in addition to running pathology centers in New Zealand, Malaysia, Singapore and Vietnam. The company plans to sell between 1.12 billion shares and 1.28 billion shares at a range of $1.63 to $2.12 in order to repay existing debt. The shares are expected to list on the Australian Securities Exchange on July 31. Gilbert + Tobin Sydney partner Peter Cook is representing joint lead managers Macquarie Capital (Australia) Ltd., UBS A.G., CIMB Capital Markets (Australia) Ltd., Credit Suisse (Australia) Ltd., Goldman Sachs Australia Pty. Ltd. and Merrill Lynch Equities (Australia) Ltd. [Read full story]
