Ramsay (ASX:RHC) share price rises on acquisition speculation

The Ramsay Health Care Limited (ASX: RHC) share price is pushing higher on Wednesday morning.

At the time of writing, the private hospital operator’s shares are up almost 1% to $67.99.

Why is the Ramsay share price rising?

Investors have been buying Ramsay’s shares today following speculation that it is looking to make a major acquisition in the Australian healthcare market.

On Tuesday evevning, the AFR was reporting that Ramsay is teaming up with private equity firm Pacific Equity Partners to acquire rival private hospital operator Healthe Care.

Healthe Care is the third largest private hospital operator in Australia. It employs 7,000…