Bids for 26 BUPA hospitals14th June 2007
At least six private-equity groups have made indicative offers for BUPA’s 26 UK hospitals in the second round of bids, which could sees the assets fetch about £1.5bn.
Among the firms understood to have submitted second round bids are Cinven, CVC, Terra Firma, PAI and BC Partners.
BUPA sold nine hospitals to Legal and General Ventures for £85m in 2005 and as it has withdrawn from hospitals, BUPA has diversified into care homes and home healthcare. There is no strict timetable for review of the offers.
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Title: Bids for 26 BUPA hospitals
Author: Mark Nicholls
Article Id: 3145
Date Added: 14th Jun 2007