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Brookfield Business Partners secures court approval for Healthscope buyout

Brookfield Business Partners LP received approval from the Federal Court of Australia for its proposed buyout of Australian hospital operator Healthscope Ltd.

The private equity firm's takeover offer will lapse June 19.

The scheme of arrangement governing the deal will be implemented June 6.

Brookfield, which invests in business services and industrials businesses, is making the acquisition through ANZ Hospitals Pty. Ltd.