👉 Background: Ramsay Health Care is Australia's largest private hospital operator. It was founded in Sydney in 1964 and is now in Australia, Europe, the UK and Asia specialising in surgery, rehabilitation and psychiatric care.

👉 What happened: Global private equity giant KKR has partnered with a few big sovereign wealth and superannuation funds to put together a $20 billion+ takeover offer for Ramsay Health Care 🩺.

👉 What else: The consortium includes Australian super funds like HESTA, and offshore sovereign wealth funds like the Abu Dhabi Investment Authority. The takeover would be the biggest private equity-backed buyout of an Aussie company.

🔔 What's the key learning?

💡 Healthcare is attractive to investors because Australia ranks in the top 10 in the world in terms of healthcare costs relative to GDP and healthcare expenditure per person, according to the OECD.

💡 Around one in two Aussies have at least one or more of either arthritis, asthma, back pain, cancer, or cardiovascular diseases. That's expected to continue growing with the population and as our 'ageing population' continues.

💡 In other words, people are living longer and boomers are seeking knee and hip replacements to have a better quality of life. Hence why big investors are betting on the Aussie healthcare system.