05:10 AM EDT, 03/19/2019 (MT Newswires) -- Healthscope Ltd. said in a filing to the Australian Stock Exchange on Tuesday that the country's Foreign Investment Review Board has approved Brookfield Business Partner's (BBU) takeover of the hospital operator.
The Canadian private equity firm proposed to acquire Healthscope by way of scheme of arrangement and a simultaneous off-market takeover offer for $3.2 billion. Brookfield also said that it would partly fund the transaction through the sale and long-term leaseback of 22 wholly-owned freehold hospital properties.
The investment firm has confirmed that the correspondence satisfied relevant conditions contained in the implementation deed between the two parties, Healthscope said.