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KKR-Led Group offers to buy Ramsay Health Care in Australia for around $14.9 billion

SYDNEY—A consortium led by KKR & Co. Inc. has offered to buy Australian private hospital operator Ramsay Health Care Ltd. for about $14.9 billion, increasing the private equity firm’s bet on growing healthcare demand.

Ramsay said on Wednesday he had received a non-binding, indicative proposal from a consortium of financial investors led by New York-based KKR to acquire the company for A$88, or $65, a share in cash. The stock closed Tuesday at A$64.39.