Baker & McKenzie Advises Ramsay Health Care on its Proposed Acquisition of a Majority Stake in Groupe Proclif SAS
Deal Announcement
January 12, 2010
Sydney, Australia, 12 January 2010 – Baker & McKenzie has advised Australia's largest private hospital operator, Ramsay Health Care Limited (Ramsay) on the proposed acquisition of a 57% interest in Groupe Proclif SAS (Proclif), a leading French private hospital group, for €87 million (A$142 million).
Ramsay is being advised by Baker & McKenzie M&A Partners Ben McLaughlin (Sydney) and Laurent Barbara (Paris).
The transaction is expected to complete by the end of March subject to regulatory approvals, banking consents, and formal documentation.
Commenting on the transaction, Partner Ben McLaughlin said "We are delighted to be involved in this significant investment for our client which expands its presence into the growing French acute care market. The transaction demonstrates the depth of service Baker & McKenzie can offer clients conducting cross-border investments. We congratulate the Ramsay team on reaching this stage and look forward to working with them to finalise the acquisition."