Spire Healthcare is set to acquire UK hospital group Classic Hospitals from LGV Capital, it has been revealed.
The private healthcare group, which was formed last year from the sale of BUPA Hospitals to private equity company Cinven, will acquire the sixth largest hospital group in the UK for £145 million, reports suggest.
The move will see it taking control of an additional ten hospitals with 369 beds and two off-site consulting rooms, and will make Spire Healthcare the nation's second largest private hospital provider.
Rob Roger, chief financial officer of Spire Healthcare, described the acquisition as "a fantastic opportunity to incorporate ten high quality hospitals into Spire's portfolio".
"It fits with our new status as a stand-alone healthcare provider and our strategy to grow our business and focus on premium private healthcare," he added.
The hospitals will be rebranded as Spire Hospitals.
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Private hospital news : 05/02/2008