By Stuart Condie

SYDNEY--Australian private hospital operator Ramsay Health Care Ltd. received a takeover proposal from a KKR & Co. Inc.-led consortium that values the company's equity at 20.1 billion Australian dollars (US$14.9 billion).

Ramsay on Wednesday said the consortium submitted a non-binding indicative proposal worth A$88.00 per share in cash. The stock closed Tuesday at A$64.39.

The ASX-listed company opened its books to the consortium on a non-exclusive basis. Ramsay disclosed the proposal following what it called media speculation, noting that the consortium requested the proposal be kept confidential and could now withdraw.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

April 19, 2022 18:58 ET (22:58 GMT)

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