FTSE 100 Slides as Virus Jitters Weigh morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
The takeover was also recommended by majority shareholder Mediclinic
Spire Healthcare PLC (LON:SPI) said it recommended a proposed £999mln cash offer put forward by Ramsay Health Care Ltd (ASX:RHC).
Shareholders will receive 240p, which represents a 24.4% premium to Tuesday’s closing price.
The FTSE 250 group said the acquisition will boost its strategy growth, while Ramsay said the combination builds a broader platform to take advantage of the opportunity for sustained growth in the £5.8bn UK private hospital sector.
Ramsay s UK network spans 22 private UK hospitals, nine treatment centres and three neurological units,
“Ramsay will work closely with the Department of Health & Social Care to ensure all shared objectives are closely aligned and we stand ready to support the NHS in tackling the significant increase in waiting lists and the return of elective procedures in the UK,” said chief executive and managing director Craig McNally.
Spire Healthcare PLC recommends £999mln cash offer by Ramsay Health Care Ltd proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
PureTech Health PLC lifted after associate receives funding for its digital therapeutics product proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.