Ramsay has undertaken to divest 14 private hospitals (located in New South Wales, Victoria, Queensland and Western Australia) to CVC Asia Pacific Limited and Ironbridge Capital Pty Limited.
The Undertaking acknowledges the ACCC has not had the opportunity to examine the acquisition for the purpose of identifying competition concerns and Ramsay has undertaken to hold separate and preserve the Affinity businesses as an independently viable going concern until the ACCC has completed its investigation and assessment of the acquisition.
The Undertaking also recognises the ACCC may identify competition concerns arising from the transaction in any relevant markets for the provision of private hospital services in Australia and gives the ACCC broad power to require Ramsay to divest hospitals to address those concerns.
