March 16, 2020 / 12:07 AM / 20 days ago

BRIEF-Healius Rejects Non-Binding Indicative Proposal From Partners Group

March 16 (Reuters) - Healius Ltd:

* UNANIMOUSLY REJECTS NON-BINDING INDICATIVE PROPOSAL FROM PARTNERS GROUP

* IS WILLING TO ENGAGE CONSTRUCTIVELY WITH ANY PARTY WHERE IT CONSIDERS A PROPOSAL MAY BE IN BEST INTERESTS OF SHAREHOLDERS

* ADVISED PARTNERS GROUP THAT IT IS WILLING TO ENGAGE WITH THEM TO EXPLORE PROSPECTS OF A SUPERIOR PROPOSAL

* INTENDS TO EXPLORE A SALE OF ITS MEDICAL CENTRES BUSINESS, EXCLUDING DAY HOSPITALS AND IVF

* TAKEOVER PROPOSAL FROM PARTNERS GROUP ENTITY DOES NOT ADEQUATELY VALUE UNDERLYING BUSINESSES

* IN PROCESS OF SEEKING OFFERS FOR ITS MEDICAL CENTRES BUSINESS

* NOW IDENTIFIED A FURTHER $30 MILLION IN ANNUALISED COST REDUCTIONS EXPECTED TO BE REALISED OVER COMING 12 MONTHS Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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