Luye taps JPMorgan to find Healthe buyer

Luye taps JPMorgan to find Healthe buyer
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Australia’s third largest private hospital group is back on the auction block.
Five years after China’s Luye Medical Group snapped up Healthe Care, the offshore investor has called in the bankers to prepare the group for sale and test buyer appetite.
The Valley Private Hospital is one of nearly three dozen healthcare sites operated by Healthe Care.  
Simon Johanson
As first reported by Street Talk on Thursday, Luye has mandated JPMorgan’s investment banking team to run an auction for Healthe Care’s surgical acute care arm, which oversees surgeries and associated patient care, and is expected to be worth about $600 million.

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