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Spire Healthcare Faces £1.5 Billion Takeover Bid
25 Jan
Summary
- Spire Healthcare is in preliminary takeover talks.
- The deal could value the company at £1.5 billion.
- Private equity firms Bridgepoint and Triton are involved.
Spire Healthcare, a prominent FTSE 250 company, has confirmed it is in preliminary takeover discussions with a group of private equity firms. Among the interested parties are Bridgepoint and Triton, who are reportedly considering a valuation of £1.5 billion for the private healthcare provider.
These discussions, while at an early stage, have ignited concerns about the potential delisting of another significant company from the London Stock Exchange. City takeover rules mandate that Bridgepoint and Triton must table a formal offer or withdraw their interest by February 21.
Bridgepoint has a prior connection to Spire through its previous ownership of Oasis, a dental chain managed by Spire’s current chief executive, Justin Ash. Spire operates approximately 40 major private hospitals across the UK, in addition to a network of private GP practices and occupational health services.
