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Fosun eyes hospital firm
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FOSUN International is bidding to buy Portuguese hospital operator Espirito Santo Saude SGPS SA for as much as 451 million euros (US$580 million).
Fosun International, part of the Fosun Group, will offer 4.72 euros a share for Lisbon-based Espirito Santo Saude, which runs clinics, hospitals and nursing homes in Portugal, Fosun said in a statement to Hong Kong’s stock exchange yesterday.
Fosun’s bidding rivals Portugal’s hospital operator Jose de Mello Saude SGPS SA on September 11 bid 4.40 euros for each share of Espirito Santo Saude, while Grupo Angeles Servicios de Salud SA of Mexico offered 4.50 euros last Friday.
Fosun is on a buying spree this year, buying from office buildings in New York to Australian energy companies. Fosun also acquired 80 percent of Portugal’s Caixa Geral de Depositos SA’s insurance unit in January.
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