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AAP
AAP
Business
Derek Rose

Ramsay Health Care buyout collapses

Ramsay Ramsay Health Care Health Care United States Consortium Australia
A $20 billion offer from a US private equity consortium to buy out Ramsay Health Care has collapsed. (PR HANDOUT IMAGE PHOTO) (AAP)

What would have been Australia's biggest business deal of the year is officially dead, after being on shaky ground for awhile.

A consortium led by US private equity group Kohlberg Kravis Roberts had offered $20 billion for Ramsay Health Care, Australia's largest private hospital chain.

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