Ramsay Health Care was the reason for the health sector surge today, as the multinational healthcare provider announced it?s received a takeover bid worth more than $20bn, or $88 per share from a consortium of financial investors led by KKR.
Fellow healthcare providers Pro Medicus, Healius and Ansell also went along for the Ramsay ride, each gaining 5.2%, 3.7%, and 3.4% respectively.
The healthcare sector was the best performing sector today, up 2.6% at the end of today?s session.