Healthscope suitors take their time with binding bids; PEP bankers up

It was never going to be a quick deal. But Healthscope may very well scoop the gong for the most protracted sale process of the decade.

Bidders for the country’s second-largest hospital operator’s network of 37 hospitals have 12 weeks before binding offers are to be submitted to receivers McGrathNicol, according to people briefed on the transaction who requested anonymity given the sensitive nature of the matter.

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