Private Equity likely to bid for NHS staffing agency12th November 2010
Neil Lloyd, chief executive of NHS Professionals, has announced that he expects private equity and outsourcing groups to bid for the state-owned staffing agency when it is privatised as early as next year. Richard Moulton, partner and head of private equity at international law firm Eversheds, comments:
“There has been a reasonable amount of private equity interest in staffing businesses in general, but NHS Professionals may well be a challenge too far for most PE houses. The business has historically been loss-making and the transition to a fully integrated private business remains a challenge. The business will also have to stand on its own two feet without any direct or indirect support from the NHS.
“Having said that a PE house that is willing to put in the hard yards over a two to three year timeframe might find that such an opportunity will then bear fruit in the long term.”
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Title: Private Equity likely to bid for NHS staffing agency
Author: Martine Hamilton
Article Id: 16676
Date Added: 12th Nov 2010