- Spire Healthcare agreed to a 250p-a-share offer from an investor group led by Toscafund Asset Management, valuing the company at £1.03bn.
- Spire operates hospitals including Claremont in Sheffield and St Anthony’s in south London, with the deal prompting concerns about creeping privatization of the NHS.
- Toscafund is described as being founded by a City figure known for aggressive business tactics.
Quotes
“Britain’s biggest private hospital operator has agreed to a £1bn takeover by a hedge fund manager known as “the Rottweiler” for his aggressive business tactics.”
“Spire Healthcare, which owns the Claremont hospital in Sheffield and St Anthony’s hospital in south London, has agreed to a 250p a share offer by an investor group led by Toscafund Asset Management, which values the business at £1.03bn.”