Ramsay Health Care (ASX:RHC) has agreed to acquire the assets and operations of National Capital Private Hospital in Canberra for a net price of $251 million, funding the purchase from its existing debt facilities.
The hospital, currently owned by Healthscope Group entities under receivership, is located in Garran and co-located with Canberra Hospital, adjacent to the Australian National University Medical School.
National Capital Private Hospital comprises eight operating theatres, one cardiac catheterisation laboratory, 148 beds, and both intensive care and coronary care units, supporting a higher-acuity patient mix.
The site is leased from Canberra Health Services under terms extending to 2064.
Ramsay said the acquisition strengthens its presence in key therapeutic areas, including cardiac care, orthopaedics and oncology, and described the hospital's clinical quality and safety record as consistently strong.
The company expects National Capital to rank among its top 20 hospitals by revenue and profitability and to be earnings-per-share accretive within the first year of ownership, while group leverage remains within its target range.
The transaction, which is subject to Australian Competition and Consumer Commission approval and other customary conditions, is expected to be completed in 2026.