Shareholders in Acurity Health Group have been urged not to accept a partial takeover offer, because it's too low.
An appraisal report says the offer of $6 per share by Austron is below the valuation range of $6.92 - $7.88, with a mid-point of $7.40.
Shares in Acurity, formerly Wakefield Health, remained unchanged at $5.70 each on Friday.