GIC Pte. Ltd. will take a stake in the operating company of Ramsay Health Care Limited (ASX:RHC) if KKR & Co. Inc. (NYSE:KKR) proceed with its buyout of the $16 billion target.

Earlier, GIC was expected to emerge as an investor in Ramsay's real estate assets, in the event that KKR offloaded the properties as part of a deal. However, sources say that this is no longer the case.