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UK: Healthcare could see overhauls with Spire sale

By  |  March 6, 2014

The UK’s second-largest private hospital operator Spire is reportedly set to be old to a new owner in a $2.51 billion deal, according to sources.

Buyout firm Cinven has hired banks to advise the sale of Spire and reportedly expects high demand for the business. Sources also said that Blackstone or Charterhouse are likely buyers, while foreign groups are less likely to acquire Spire.

Cinven currently owns 28 hospitals in the UK, amounting to an 18 percent market share.

Spire remains under watch by the UK’s Competition Commission over allegations that it has become dominant in the industry and is charging prices that are too high.

Full Content: Reuters

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