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Hospital operator Healthscope expects a binding takeover proposal from Canadian investment firm Brookfield Asset Management by the end of the month.

Healthscope, whose shares have risen 15 per cent in the two months since it announced Brookfield’s $4.5 billion proposal, says Brookfield has indicated it is finalising its due diligence and debt commitments with a view to submitting a fully financed, binding offer by January 31.

Brookfield raised its offer from one rejected earlier last year to as much as $2.585 per share: more than the $2.36 offered by private equity firm BGH Capital and AustralianSuper.

Healthscope shares were 0.42 per cent higher at $2.40 by 1030 AEDT on Monday.