Australia's Estia Health opens books to Bain Capital for improved offer

Estia Health

04/04/2023 09:30

April 4 (Reuters) - Australian aged-care provider Estia
Health Ltd  EHE.AX  said on Tuesday it will provide a limited
period of access to the company's non-public financial and other
information to help its suitor come up with an improved
proposal.
    Late in March, Estia received a non-binding buyout proposal
from U.S. private investment firm Bain Capital for A$775.1
million ($517.77 million), implying a A$3.00 cash per share
value. 

 (Reporting by Roushni Nair in Bengaluru; editing by Uttaresh
Venkateshwaran)
 ((Roushni.Nair@thomsonreuters.com;))