Business
Hospital company gets buyout offer
NEWS IN BRIEF — Posted Nov. 7, 2005
Rural hospital operator SunLink Health Systems has received an unsolicited buyout offer from a London-based private equity group.
The Atlanta-based chain said Oct. 10 that North Atlantic Value LLP, which is part of a group of investors that owns about 16% of SunLink's stock, had offered to buy all outstanding shares for $10.25 apiece. The deal would be subject to due diligence and customary conditions.
With about 7.2 million shares, that would put a total value on the company of approximately $73.8 million.
SunLink, which currently operates seven community hospitals in four states, said in a press release that its management, board of directors and advisers would evaluate the offer.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2005/11/07/bibf1107.htm.
