Primary emerges as only bidder for Symbion Health

The lengthy tug-of-war for Australia's medical and diagnostic centre, Symbion Health, has finally been settled with Primary Health Care being left as the only one standing. The rival offer from Healthscope, Australia's second biggest hospital group, was dumped after the nation's tax office flagged up that shareholders would have to pay capital gains tax. Find out details about the chunky A$2bn loan backing Primary's bid, and the distribution strategy of the five-strong arranging group.