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M&A/IPOs

 

Spire takeover scuppered by revolting investors

The proposed takeover of UK-based hospital chain Spire is now off the cards, as global Australia-based group Ramsay failed to rouse sufficient shareholder support for the deal, falling short of the 75% minimum threshold (by value) it needed for approval.

Achieve together acquires RNID residential and community services

Achieve together, a UK provider of specialist support for people with learning disabilities, autism and complex needs, has acquired the residential and community services of RNID national hearing loss charity for an undisclosed sum. HBI speaks to Emma Pearson, CEO at Achieve together, to find out more.

Terveystalo completes Feelgood offer

The shareholders of Swedish occupational healthcare group Feelgood have accepted a takeover over bid from Finnish group Terveystalo. 

EMC shares priced at low end

Russian hospital operator EMC will go public at a 2020 EBITDA/enterprise value ratio of 11x after the group set its pricing at the bottom of the indicative range. The group has also revealed that Igor Shilov will remain the majority shareholder.

Spire takeover looks unlikely as Circle-BMI sells

Ramsay Health Care’s takeover of UK competitor Spire Healthcare is looking increasingly unlikely as the share price trades well below the new offer price and its rebel shareholders press on with their derail attempt. It’s been a busy week for Toscafund, which has also sold a controlling stake in Circle-BMI to an American provider. 

Pan-European nursing home groups expand as sector recovers from Covid

The three big pan-European nursing home players have all announced big acquisitions - and Orpea has boosted its growth forecast. Is this a sign that the tide is turning for nursing home operators, as vaccines roll out across the continent and pandemic restrictions continue to lift?

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