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Investegate |Spire Healthcare Grp Announcements | Spire Healthcare Grp: Response to Glass Lewis report

Investegate |Spire Healthcare Grp Announcements | Spire Healthcare Grp: Response to Glass Lewis report
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Ramsay splashes $1.8b on UK's Spire Healthcare


Ramsay splashes $1.8b on UK’s Spire Healthcare
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Ramsay Health Care has agreed to buy listed British company Spire Healthcare Group in a deal that values the target at £2.064 billion ($3.7 billion) including assumed debts.
The acquisition will transform the Australian healthcare giant’s UK business into a leading private healthcare provider, diversifying Ramsay UK’s payer sources and case mix at the same time.
Ramsay Health Care CEO Craig McNally says the Spire deal is reminiscent of Ramsay’s purchase of Affinity’s Australian hospitals in 2005. 
Cole Bennetts
The nation’s largest private hospitals operator has offered £2.40 a share in cash to acquire Spire through a scheme of arrangement. The agreed price represents a premium of 24.4 per cent to the closing price of Spire shares on May 25 – the day before the deal was announced. ....

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