What was up with the Ramsay Health Care (ASX:RHC) share price today?

Seemingly bad news didn't adversely affect the private hospital operator's shares…

| More on:
Doctor reading a file

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Shares in Ramsay Health Care Limited (ASX: RHC) finished in the green today despite the company facing delays to an ongoing acquisition proposal. The Ramsay share price closed up 1.34%, with shares in the private hospital operator trading for $64.39 apiece.

Let's take a look at the latest news of the ongoing acquisition.

The latest on Ramsay's acquisition

Today, Ramsay announced the shareholder vote for its proposed acquisition of UK-based private hospital operator Spire Healthcare has been pushed back a week. It will now take place on 19 July.

The Ramsay share price hasn't noticeably reacted to today's news.

The delay follows news Ramsay increased its cash offer for Squire yesterday. It also comes amid rumours members of Spire Healthcare's board are against the acquisition.

Yesterday, Ramsay announced it has upped its acquisition offer by 10 pence to 250 pence per Spire Healthcare share. However, a shareholder's vote needs to take place before the acquisition can go before a court hearing.

The court hearing is the final step Ramsay needs to pass before acquiring Spire Healthcare. It will now take place on 22 July.

Other news on Ramsay's acquisition was published by The Australian today.

The publication claimed 2 of Spire Healthcare's shareholders, Toscafund and Fidelity, who respectively hold 5.5% and 8.8% of Spire Healthcare's outstanding shares, vehemently oppose the acquisition.

Toscafund's CEO reportedly believes Ramsay's offer undervalues Spire Healthcare.

Additionally, both companies supposedly opposing the acquisition have recently sold stakes in the UK's Circle Health for a combined $3.5 billion. According to The Australian, they plan to spend some of the cash to battle Ramsay's bid.

Ramsay needs the approval of at least 75% of Spire Healthcare's shareholders to go ahead with the acquisition. It currently holds 30% of Spire Healthcare's shares.

Ramsay Health Care share price snapshot

With today's gains included, the Ramsay share price has grown 2.7% in 2021. It has also gained 1.9% since this time last year.

The company has a market capitalisation of around $14.4 billion, with approximately 228 million shares outstanding.

Should you invest $1,000 in Collins Foods Limited right now?

Before you buy Collins Foods Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Collins Foods Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Healthcare Shares

A man slumps crankily over his morning coffee as it pours with rain outside.
Healthcare Shares

Why is this ASX 300 stock crashing 18% today?

Investors are rushing to the exits. But why? Let's look into things.

Read more »

Health professional working on his laptop.
Healthcare Shares

Are CSL shares at risk from the Trump tariffs?

How exposed are CSL shares to potential Trump medicinal tariffs?

Read more »

Donor donates blood in medical clinic. Beautiful European woman of 30 years sits in medical chair looking into camera and smiling.
Healthcare Shares

What did CSL have to say at Macquarie's 2025 conference?

Does this business have a healthy growth outlook?

Read more »

smiling health care workers in a medical setting
Healthcare Shares

Sonic Healthcare shares are down more than 40% since 2021. Will its AI initiative be the catalyst for a turnaround?

Could AI spark a recovery for this ASX healthcare stock?

Read more »

A woman jumps for joy with a rocket drawn on the wall behind her.
Healthcare Shares

Why is this ASX All Ords stock jumping 7% today?

This stock is ending the week strongly. Let's find out what is getting investors excited.

Read more »

A man holds his head in his hands, despairing at the bad result he's reading on his computer.
Healthcare Shares

Why is this ASX 200 stock crashing 30% today?

What's going with this stock? Let's find out why its shares are deep in the red.

Read more »

Cropped shot of an attractive young female scientist working on her computer in the laboratory.
Healthcare Shares

Up 114% in a year, why is the Pro Medicus share price leaping higher again on Thursday?

Pro Medicus shares are back in form today and leaping ahead. Here’s why.

Read more »

Two doctors give the thumbs up to an x-ray
Healthcare Shares

Buying the dip: $10,000 invested in Pro Medicus shares on 7 April is now worth…

This healthcare stock has boomed over the past month. 

Read more »