Add-on Acquisition • Healthcare Services

Ramsay Acquires Benchmark Private Hospital Group

On May 24, 2004, Ramsay acquired healthcare services company Benchmark Private Hospital Group for 125M USD

Acquisition Context
  • This is Ramsay’s 4th transaction in the Healthcare Services sector.
  • This is Ramsay’s 4th largest (disclosed) transaction.
  • This is Ramsay’s 4th transaction in Australia.

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M&A Deal Summary

Date May 24, 2004
Target Benchmark Private Hospital Group
Sector Healthcare Services
Buyer(s) Ramsay
Deal Type Add-on Acquisition
Deal Value 125M USD

Target Company

Benchmark Private Hospital Group

Australia
Benchmark operates 10 hospitals in Victoria and South Australia, comprising 980 hospital beds and 68 aged care beds. The total number of beds will rise to 1,119 beds in 2005 as a result of capacity expansion currently underway.
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Buyer Overview 1

Buyer

Ramsay

Sydney, Australia

Category Company
Founded 1964
Sector Healthcare Services
Employees90,000
Revenue 16.6B AUD (2024)
DESCRIPTION

Ramsay operates hospitals and day surgery facilities across Australia, the United Kingdom, France, Indonesia, and Malaysia. Ramsay Health Care facilities cater to a broad range of health care needs from day surgery procedures to highly complex surgery, as well as psychiatric care and rehabilitation. Ramsay was founded in 1964 and is based in Sydney, Australia.


Deal Context for Buyer #
Overall 4 of 15
Sector: Healthcare Services 4 of 15
Type: Add-on Acquisition 3 of 8
Country: Australia 4 of 8
Year: 2004 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-11 Cairns Private Hospital

Cairns,, Australia

Calvary is a medical-surgical hospital with a strong regional catchment. Cairns Private Hospital offers medical and allied services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-02 Ellis Residential - Aged Care Facilities

Victoria, Australia

Ellis Residential - Aged Care Facilities include Bairnsdale Aged Care Facility, Lakeview Aged Care Facility, Paynesville Aged Care Facility and Sale Aged CareFacility, which together have a total 331 high care and low care places.

Buy $51M