Symbion Health Directors recommend Primary's offer
13/02/2008
Symbion Health Limited ("Symbion Health") notes the announcement by Primary Health Care Limited ("Primary") today that Primary:
. has declared its takeover offer for Symbion Health ("Primary's Offer") unconditional (including in relation to funding); and
. has voting power in Symbion Health of 53.81%.
As stated in Symbion Health's announcement on 11 February 2008, in these circumstances, the Symbion Health Directors unanimously recommend that Symbion Health shareholders accept Primary's unconditional Offer.
The Symbion Health Directors intend to accept Primary's Offer in relation to the Symbion Health shares they own or control.
Recent sharemarket volatility has impacted the Board's view on relative value and Symbion Health shareholders now have the opportunity to receive $4.10 cash per share, if they choose to do so. It has also become evident that it is unlikely that any superior offer for Symbion Health will emerge in the foreseeable future.
Symbion Health shareholders should refer to Symbion Health's announcement on 11 February 2008 for further information. In addition, Symbion Health will issue a Supplementary Target's Statement in relation to recent developments.
For further information please contact:
Caroline Ingham
Investor Relations Manager
Symbion Health Limited
Ph: +61 3 9918 2802
Mob: +61 419 526 355
