HBI Deals+Insights / News

Australia’s Ramsay might sell French hospital subsidiary Santé stake to Predica instead of demerging

Ramsay Health Care, Australia’s biggest private hospital group by revenue, may drop plans to demerge its struggling European business, Ramsay Santé, and instead offload its majority stake to the other main shareholder. Ramsay appointed investment bank Goldman Sachs in early 2025 to review its options for Santé. Many had expected the group to spin off the European business via an in-species distribution of Sante shares to Ramsay Health Care shareholders. But sources quoted in the Australian press now suggest that option has been dropped.