top
Hedge fund proposes £1bn buyout of UK’s biggest private hospital operator
Why this matters: a developing story that could shape the day's news cycle.
The board of Britain’s largest private hospital operator has backed a buyout proposal worth £1bn from its second-biggest shareholder, a hedge fund manager known as “the Rottweiler”, sending its shares soaring by nearly 50%.Spire Healthcare, which owns the Claremont hospital in Sheffield and St Anthony’s hospital in south London, said it had received a non-binding proposal worth 250p a share from funds advised by the activist investor Toscafund Asset Management. Continue reading...
Article preview — originally published by The Guardian. Full story at the source.
Read full story on The Guardian →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from The Guardian alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop