The investment bank is understood to have started contacting private equity firms and trade parties.
Singapore buyout group Southern Capital is preparing to test buyer appetite for its medical practices business, Qualitas Health, appointing Bank of America to assist with the transaction.
The investment bank is understood to have started contacting private equity firms and trade parties, with a typical two-stage auction to ensue in coming weeks. Southern Capital is understood to be seeking a signed deal, valued at above $400 million, before Christmas.Qualitas Health operates medical practices across Australia, and in Singapore and Malaysia and has some 1700 staff and 250 facilities.
Qualitas Health has significant operations in Singapore, where its private equity owner, Southern Capital, is based.Qualitas Health has been a repeat candidate for an IPO, including in 2015 when Southern Capital brought in CIMB and Credit Suisse to work on a deal that would have put thee company on the Singaporean exchange. Back then, the deal would have valued the business at $US100 million .
Outside Australia, Malaysia and Singapore – where it also has dental centres – the company also operates medical centres in New Zealand.
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