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PRESS: Spire Healthcare sets deadline for takeover interest

ALN

Spire Healthcare Group PLC has provided a deadline for potential acquirers of the company to set out their takeover interest, Sky News reported on Thursday.

The London-based private healthcare provider, through its advisers, has presented a deadline of January 20 for expressions of interest, according to Sky News.

Private equity firms are among those which have been asked to signal their interest by the deadline, said the report, which noted the date does not represent a deadline for formal offers.

Back in September, Spire Healthcare had said it was reviewing options for the business, including a possible sale.

At the time, the company suggested that its freehold property and ‘a well invested asset base’, among others, were not yet reflected by the market in full. Therefore, it said it was continuing to evaluate appropriate action that could drive long-term shareholder value.

Spire Healthcare said it is working with lead financial adviser Rothschild & Co.

Shares in Spire Healthcare were up 1.1% at 168.80 pence on Friday morning in London, for a market capitalisation of £679.9 million. The stock is down 26% over the last 6 months.

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