cinven to sell spire stake

Cinven, the private equity firm behind Britain’s second largest independent sector hospital group, Spire Healthcare, is to sell 29.9% of the company.

Cinven, is to sell its £432m stake to Remgro, the major shareholder of South African private healthcare firm Mediclinic, which also has operations in Switzerland and the United Arab Emirates.

Spire operates 39 hospitals, 13 clinics and one radiotherapy cancer centre across England, Wales and Scotland, treating both insured and self-pay patients as well as those funded by the NHS. It is Britain's second largest private hospital group after BMI Healthcare.

Source Health Insurance Daily

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