RHCPA News: Australia’s Ramsay Health Care Slumps to 4-Mth Low After KKR Lowers Bid - 26th Aug 2022, 12:30pm

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By Ambar Warrick

Investing.com-- Shares of Australian hospital operator Ramsay Health Care Ltd (ASX:RHC) slumped to an over four-month low on Friday after a KKR&Co-led consortium lowered its offer for the firm. The firm also logged a nearly 40% drop in its annual net profit.

Ramsay’s shares slumped over 3% to 70.69 Australian dollars, touching their weakest level since mid-April. Ramsay had paused the trading of its shares before the announcement.

The firm said in a statement that the KK...

>>> Read more: Australia’s Ramsay Health Care Slumps to 4-Mth Low After KKR Lowers Bid
 
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