Spire seeks £1bn in London float

One of Britain’s largest hospital chains, Spire Healthcare, is to list on the London Stock Exchange in a float estimated to be about £1bn, Reuters reported. Spire, which is owned by private equity firm Cinven, owns 38 hospitals and will be publishing its formal intention to float on the London Stock Exchange. It was recently cleared by the Competition and Markets Authority of being part of a cabal of hospitals which had been accused of overpricing.