Canadian alternative asset management company Brookfield has got a green light from the Foreign Investment Review Board to buy Australian healthcare services provider Healthscope Ltd.
Healthscope revealed that it had entered a scheme of arrangement with Brookfield for an A$4.35 billion ($3.2 billion) takeover.
The company added that Brookfield confirmed that the correspondence satisfied relevant conditions contained in the implementation deed between the companies.
At the scheme meeting expected in May or June, Healthscope shareholders are expected to vote on the proposed takeover offer.