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Aussie takeover target Healthscope cuts 2019 guidance


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April 16 (Reuters) - Australia'sHealthscope Ltd on Tuesday cut its fiscal 2019 hospital operating earnings guidance, citing weaker market conditions and a focus on public patient services.

The company said it was now targeting hospital operating core earnings in a range of A$362 to A$376 million ($258.7 -$268.7 million), or a growth of 5 to 9 percent, from its initial target of at least 10 percent growth from 2018.

Healthscope also said its shareholders would meet on May 22 to vote on a takeover bid from Canadian investment firm Brookfield , which the board has recommended.

($1 = 1.3992 Australian dollars)






This article appears in: Politics , World Markets , Stocks




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