SYDNEY — Ramsay Healthcare Ltd. will enter the U.K.’s mental health hospital market with the 775 million pounds (US$1.03 billion) acquisition of Elysium Healthcare.
The Australian hospital operator said it had agreed to acquire the mental healthcare provider from private-equity firm BC Partners, funding the deal through existing debt facilities.
Ramsay said Elysium offers growth through utilization of its recently developed capacity and its development pipeline. There is also potential for bolt-on opportunities, Ramsay said.
It sees the deal delivering mid-single digit EPS accretion in the 2023 fiscal year and a post-tax cash return-on-invested-capital of more than 10% within five years of completion.