Good evening,

Ramsay Health Care had reiterated its intention to make acquisitions when it handed down its full-year results on Thursday.

But its shareholders might not have expected any action this quickly.

Tonight, we reveal which private equity-owned radiology group has caught Ramsay’s eye. The business in question makes about $70 million in earnings a year, and Ramsay needs to get a bid ready for the week beginning September 7.

Meanwhile, we find out which banking and law firms are helping IOOF in its bid for National Australia Bank’s MLC Wealth.

Finally, Bega has called in the old team for its run at Lion Dairy and Drinks, and tech entrepreneur Bevan Slattery is poised to cornerstone a raising in another potential next big thing.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors