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A hedge fund manager known as “the Rottweiler” is getting his teeth into UK’s biggest private hospital operator, following a takeover battle.
Spire Healthcare, which operates 38 private hospitals and more than 60 clinics across England, has agreed to be taken over by activist investor Toscafund Asset Management in a £1.02bn deal.
While the Spire Directors remain confident in the long-term prospects of the business, the Spire Directors also note the ongoing challenges of delivering the Company’s standalone plan against a backdrop of macroeconomic volatility, cost pressures - in particular inflation, and the dynamic nature of the payor environment.
