Healthscope in the waiting room

Australia’s second largest hospital operator is ready to list at a steep discount to its major competitor. Deal or no deal?

It’s an old real estate trick – show the buyer an expensive house first, then show them the one you really want to sell. Why? Because the lower price looks cheap next to the expensive one and encourages over-paying. Compared with Ramsay Health Care, Healthscope is a bargain. The real question is whether it’s cheap.

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