Spire spends millions on widening reach as the number of sick staff in UK rises private healthcare The UK’s second largest private healthcare group has spent millions on widening its reach, as the number of long-term sick people in the country rises. Spire has bought independent hospital group The Doctors Clinic Group for £12m, bringing 22 private GP practices under its wing, it announced today. The London-listed healthcare group said the deal [...]
Private healthcare giant Mediclinic rejects £3.4bn offer from consortium MEDICLINIC OFFER Private hospital operator Mediclinic has rejected a £3.4bn takeover approach from a consortium including billionaire luxury goods tycoon Johann Rupert. In an update on the London Stock Exchange, the Mediclinic board confirmed that it received an unsolicited and conditional proposal from a consortium on 26 May 2022. The consortium consisted of South African investment firm [...]
Spire shareholders scupper £1bn Ramsay takeover bid Spire shareholders scupper £1bn Ramsay takeover bid Shareholders in private hospitals group Spire Healthcare have narrowly rejected a £1bn takeover bid from Ramsay Health Care. At today’s AGM it was announced that around 70 per cent of the FTSE 250’s shareholders had voted in favour of the takeover, narrowly missing the 75 per cent minimum threshold. Spire’s board had unanimously recommended that [...]
Spire Healthcare delays vote on £1bn Ramsay takeover as investors voice concerns July 7, 2021 Spire Healthcare delays vote on £1bn Ramsay takeover as investors voice concerns
Ramsay sweetens the deal for Spire Healthcare takeover with higher bid July 5, 2021 Ramsay sweetens the deal for Spire Healthcare takeover with higher bid
Spire Healthcare on track for 2020 targets March 5, 2020 Spire Healthcare remains on track to meet targets for 2020 after it swung back into profit last year. Revenue increased 5.3 per cent from £931.1m in 2018 to £980m for the year ended 2019. Instead of 2018’s £5.6m loss, profit before tax was £9.6m. Operating profit also jumped 32.8 per cent from £71.1m to £94.4m [...]
Not what the doctor ordered: Spire suffers profit hit amid drop in NHS referrals September 18, 2018 UK private healthcare provider Spire was diagnosed with falling profits in the first six months of 2018, as a drop in referrals from the NHS ate away at the company’s projected core earnings. Spire Healthcare Group’s share price tumbled more than six per cent in early morning trading, after the firm predicted full-year expected earnings [...]
Spire Healthcare share price rises after it selling stake to South Africa’s Mediclinic June 22, 2015 Spire Healthcare shares rose 9.4 per cent to 350 pence per share today, propelling it to the top of the FTSE 250, after South African rival Mediclinic bought a stake in the private health firm from private equity firm Cinven. Remgro, a major shareholder of South Africa's Mediclinic, bought a 29.9 per cent stake from Cinven for 360 pence [...]
Cinven sells off £136m stake in Spire Healthcare April 14, 2015 SPIRE Healthcare shares slumped yesterday after private equity backer Cinven shrunk its stake further by placing £136.4m of shares with investors. The placing, priced at 340p, represented a hefty discount to Spire’s 367p closing price on Monday night. Shares closed down more than 10 per cent yesterday, reflecting the lower placing price. Private equity outfit [...]
Spire earnings forecast up after healthy trading January 13, 2015 Spire Healthcare Group yesterday upgraded its revenue expectations for the year after strong trading in the fourth quarter. It added that it expected earnings for the year to increase on the back of the contribution from the St Anthony’s Hospital acquisition. Spire said its trading in the fourth quarter was positive, meaning it now expected [...]